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Hawkins Cos. has obtained a $25.3 million construction loan for the development of Saltese Creek, a 192-unit multifamily project in Spokane Valley, Wash. Bok Financial provided the note in a deal brokered by Cushman & Wakefield.
The community marks the first phase of a larger project, according to The Spokesman-Review. The development will rise on a 77-acre parcel of land previously owned by the Evangelical Lutheran Good Samaritan Society. Upon completion, it will include 320 units and 65 single-family homes.