
January 8, 2026
Workforce Housing Community
Cle Elum, WA
$9,750,000
George Smith Partners successfully arranged $9,750,000 in construction financing for the ground-up development of a workforce housing community in Cle Elum, Washington, a supply-constrained mountain town adjacent to the Suncadia Resort.
The loan is structured as a five-year construction-to-permanent facility with no prepayment penalty, offering flexibility through stabilization and permanent execution.
Loan Term: 5 Year Term (Construction to Perm)
LTC: 70%
Interest Rate: 6.75%
Prepayment Terms: No prepayment penalty
Financing Team

Matthew Fisher
Senior Director

Grant Pugatch
Vice President

Martha Martinez
Assistant Vice President – Capital Markets & Loan Servicing

