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Kōz Development, LLC and Catalyst Opportunity Funds (Catalyst) Partner to Provide $33 Million in Construction Financing for New 210-Unit Multifamily Project in Downtown Spokane, WA

Sep 10, 2024almost 2 years ago

Contract Type

partnership

SpokaneReal EstateReal Estate InvestmentHospitalityCommercial Real Estate

Description

Kōz Development, LLC and Catalyst Opportunity Funds (Catalyst) have partnered to arrange and provide $33 million in construction financing for the development of Kōz on West 4th Ave, a 210-unit, six-story multifamily apartment complex coming to downtown Spokane, Washington. The partnership broke ground in mid-August and is projected to have a lease-up date of fall 2026.

Company Information

Company

Kōz Development and Catalyst Opportunity Funds (Catalyst)

Location

Spokane, Washington, United States

About

Kōz Development is a Washington-based private real estate development and management firm focused on delivering affordable, high-quality multifamily residential properties targeting individuals that make 60-80% of area median income. Catalyst is a real estate investment firm focused on impactful, community-driven development, with a commitment to addressing America’s affordable housing crisis.

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Strategic

ML-powered predictions for Kōz Development and Catalyst Opportunity Funds (Catalyst)'s next move

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
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