Celebrating the Financial Closing of Sea Mar Vancouver Family Housing
Sea Mar Community Health Center (Sea Mar) and Enterprise have recently closed financing for Sea Mar Vancouver Family Housing, a new construction family development in Vancouver, Washington. Congratulations to Sea Mar on their work on this transit-oriented development, with affordable medical and dental services available through a Sea Mar health center on the ground floor.
Heritage Bank will provide $11.4 million of construction and permanent financing via tax exempt bonds. Additional permanent financing includes a $5.8 million loan from Sea Mar, and Enterprise is providing $6.2 million of equity.