Thornton Place Obtains $75M in Long-Term Financing

SEATTLE-Developers have secured $75.5 million in financing for a mixed-use development near Northgate Mall from Cornerstone Real Estate Advisers LLC.

By GlobeSt News Hub | December 14, 2011 at 01:01 AM

SEATTLE-Developers have secured $75.5 million in financing for a mixed-use development near Northgate Mall from Cornerstone Real Estate Advisers LLC. The Thornton Place development comprises 279 apartment units, 109 flats and townhouses and 115,000 square feet of commercial space.

Stellar Holdings has partnered with Seattle-based Lorig Associates on the mixed-use project. Michal Makar and Mark Capeloto with CBRE Capital Markets Debt & Equity Finance and Gary Beem with Northwest Commercial Mortgage worked together to arrange the long-term financing. For the full story, go to Puget Sound Business Journal .

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