Real Estate Developments

Somerset Retirement Apartments

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Description

Somerset Retirement Apartments is a 64 unit LIHTC property located in Longview, WA. The site was placed in service in 2012 after New Construction by the ownership team.

Project Details

Type

Multi-Family

Status

Completed

Address

2025 Tibbetts Drive

City

Longview

State

WA

Zipcode

98632

Construction

New Construction

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Number of units for rent

Number of units for sale

Number of affordable housing units

64

LEED Designation

Project Cost

Parking Spaces

Zoning

Hotel Rooms

Retail Space

Office Space

Square Footage

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Highest Rent Price

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Housing Sales Price Range:

# of Residential Units in Progress:

Hotels Rooms in Progress:

Office Space in Progress:

Retail Space in Progress:

Closest Metro Station:

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          Project Financier(s):

          Type of Loan:

          35 Years

          Interest Rate:

          2.8

          Original Loan Amount:

          $6,078,200.00

          Loan Category:

          232/ 223(f)/Pur/Refin/ Assisted Living

          Final Endorsement Date:

          06-21-2012

          First Payment Date:

          08-01-2012

          Maturity Date:

          07-01-2047

          Tax Exempt Bond:

          No

          Finance Year:

          2012