Harbor Custom Development Inc has secured $39 mil in construction money to complete the development of a 177-unit, garden-style multifamily community located in Lacey, WA, a suburb of the Seattle/Tacoma MSA. The non-recourse loan was provided by Buchanan Mortgage Holdings LLC, an affiliate of Buchanan Street Partners L.P.

Next time you’re at the corner of Jamboree and Main in Irvine, look up. Yes, you might see an airplane with its landing gear coasting toward nearby John Wayne Airport … but you also might see what looks like molten metal pouring off an apartment complex.

Buchanan Mortgage Holdings (BMH), an affiliate of Buchanan Street Partners, L.P., has provided a $39 million non-recourse construction loan to Harbor Custom Development for the development of a multifamily community in Lacey, WA.