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Developer Pastakia + Associates secured $22.1 million in refinancing for Fireside Flats Apartments, a 102-unit community in Seattle.
Fireside Flats, near the future Roosevelt Station, and a concurrent construction loan from Bank of the Ozarks. Terms for the latter were not disclosed. With general contractor Compass Construction, Pastakia intends to complete the six-story project at 841 N.E. 68th St. by the fall of 2022. (The light rail station, about five minutes away, will open next fall.) Tejal Pastakia said in a statement, “Our vision is to create a thriving community for future residents at Fireside Flats that furthers pedestrian activity and public transit usage in the Roosevelt neighborhood.” The project name ...