Tacoma-based Harbor Custom Development Inc. (Nasdaq: HCDI) has secured a $39 million construction loan to complete a 177-unit garden-style apartment development in Lacey.
Buchanan Street Partners of Newport Beach, California, announced last week that it provided the non-recourse loan. The announcement comes as rising interest rates have dampened demand for lending.
For the full story, go to the Puget Sound Business Journal.
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