Refinance of 116-unit multifamily property in Pullman, WA has funded.
McBride Capital is pleased to announce the refinance for Wil-Ru Apartments in Pullman, WA has closed. The 116-unit multifamily property was refinanced via a Fannie Mae loan with a 12-year term. The McBride Capital team enjoyed traveling to the Palouse to meet with the borrower and tour the property during inspections. The borrower has owned Wil-Ru for multiple decades and has a strong working knowledge of the property, which made for smooth processing. The loan was originated by Danny Natsch.
Wil-Ru Apartments was built out over multiple phases, with the first phase coming online in 1968. The property is less than a 10-minute walk from Washington State University, but maintains a quiet and welcoming atmosphere.
