Crossings at Chapel Hill The Crossings at Chapel Hill in Pasco, WA offers homes in the center of the Tri-Cities.

PASCO, WA—The origination of a $97.85 million Fannie Mae credit facility provided permanent fixed-rate financing for the acquisition of five multifamily assets on behalf of Investors Capital Group LLC. The structured facility features five tranches of fixed-rate debt with 10- and 12-year terms, half-term interest-only, a 30-year amortization and loan-to-value constraints that allow for 75 to 80% ratios.

The rates for the five tranches range from 4.34 to 5.15% and were locked for four months. The facility allows future additions, substitutions and flexible prepayment. Managing director Jeff Stuart of Berkadia’s Seattle office handled the transaction.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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