Rabina & New Blueprint Partners Secures $75 Million Loan For The VIC Phase 1 Project

The asset involved is a development site located at 18110 Southeast 34th Street in Vancouver, WA. The site is part of a multifamily project known as The VIC Phase 1, which includes 250 residential units. A construction loan of $75 million has been secured for the development, with vertical construction currently underway and anticipated completion scheduled for fall 2027.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $75,000,000
• Loan Type: Construction
• Landlord: Rabina & New Blueprint Partners
• Brokers: Casey Davidson & Charlie Watson - JLL

This transaction is represented by brokers Casey Davidson and Charlie Watson from JLL. The financing arrangement was orchestrated by Rabina and New Blueprint Partners to facilitate the continued development of the multifamily project in the Vancouver market.