Timberlane Partners Secures $52M Refinance Loan From Mesa West Capital For Sumner Mill Apartments

The asset involved in this transaction is Sumner Mill Apartments, a multifamily community that consists of 162 units located at 5816 162nd Avenue East, Sumner, WA. The property spans an area of 4 acres and involved a refinancing transaction amounting to $52 million.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $52,000,000
• Loan Type: Refinance
• Lender: Mesa West Capital
• Landlord: Dave Enslow - Timberlane Partners
• Broker: Jake Roberts - Bellwether Enterprise (BWE)
• Units: 162
• Acres: 4

The refinancing was specifically arranged by Jake Roberts from Bellwether Enterprise, ensuring that Timberlane Partners secured a short-term first-mortgage loan to facilitate this financing for the multifamily community.