August 10, 2017

Celebrating the Financial Closing of Sea Mar Vancouver Family Housing

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.

Financing

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.