SPOKANE, Wash., Sept. 10, 2024 (GLOBE NEWSWIRE) -- Cushman & Wakefield and Greystone jointly announced the firms have arranged and provided $33 million in construction financing for the development of Kōz on West 4th Ave, a 210-unit, six-story multifamily apartment complex coming to downtown Spokane, Washington. A partnership comprising an affiliate of Kōz Development, LLC and Catalyst Opportunity Funds (Catalyst) recently broke ground on the project in mid-August, with a projected lease-up date of fall 2026.
Kōz Development is a Washington-based private real estate development and management firm focused on delivering affordable, high-quality multifamily residential properties targeting individuals that make 60-80% of area median income. Catalyst is a real estate investment firm focused on impactful, community-driven development, with a commitment to addressing America's affordable housing crisis through capitalizing new, affordable and workforce housing projects across the US.Cushman & Wakefield served as the exclusive advisor to the partnership in securing the construction financing for this new multifamily development. A Cushman & Wakefield Equity, Debt & Structured Finance (EDSF) team consisting of Chris Moyer, Dave Karson, Paul Roeter, and Chris Meloni represented the borrower in the transaction.
Greystone's Michael Zampetti, Senior Managing Director, originated the ...
