Kirkland Growth has obtained a $42 million mortgage for the development of The Ledges at Columbia Palisades, a luxurious residential mission in Camas, Wash. That is the third event Parkview Monetary supplies the event firm with non-public financing.
The Ledges at 19801 E. Ascension Loop is scheduled for completion in 2022 and can occupy 1.3 acres of land on an outdated rock quarry. The 2-building property will add a complete of 90 residences and 51 condominiums to the bigger Columbia Palisades residential mission, an 84-acre grasp plan for a self-sufficient pedestrian-oriented group, which is able to embody a shopping center, workplaces, parks, single-family properties and a resort.
Plans for The Ledges’ condo element embody 18 studios, 51 one-bedroom models and 21 two-bedroom residences averaging 715 sq. ft. Condos will vary from 1,266 to 2,102 sq. ft, with 42 two-bedroom models and 9 three-bedroom residences.
Facilities will include a health room, an indoor/outside pool, a group room, a canine washing station and a automotive washing space. Moreover, the group will characteristic 231 parking areas on two, partially underground ranges.
Positioned instantly north of the intersection of Freeway 14 and SE 192nd Avenue, the event web site is 11 miles east of central Vancouver and fewer than 20 miles from downtown Portland, Ore. Located on the border of the 2 metros, The Ledges overlooks the Columbia River.
Earlier this yr, Parkview Monetary supplied one other development financing within the quantity of $61 million for a 282-unit luxury condo project in Weehawken, N.J. The borrower was Hongkun USA Actual Property Growth.