Seattle DJC.com local business news and data - Real Estate - Align secures $14M for Lynnwood apartments
Rainier Place, a 184-bed student housing development at Edmonds College. The building was developed circa 2009 by the non-profit Ecco Properties, which is associated with the National Development Council. Align bought the 2015 tax-exempt bonds issued by the Washington State Housing Finance Commission and Key Government Finance. The deal closed at year's end. Align's Dani Evanson said in a statement, “This transaction meets Align's investment objective to invest in tax-exempt debt that supports affordable housing. Align's financing provided the borrower with a unique financing solution...
Source: djc.com