$11.1MM Loan Secured for 79-Unit Olympia Apartments

Thurston County's apartment vacancy rate just hit its highest point in a decade, yet a lender was still willing to write a 30-year, non-recourse loan on a 79-unit Olympia property at 70 percent of its value — a sign that well-located, professionally managed multifamily assets are still clearing underwriting even as the broader submarket softens. […]