331 1st Street

https://www.facebook.com/profile.php?id=61571277943678 1. Information Regarding Borrower and Project: The name of the project is: Raymond House The project address is: 331 1st Street, Raymond, WA 98577 Total units: 30 – 24 one-bedroom and 6 two-bedroom Units with USDA subsidy: 29 with USDA Subsidies Complex type: Elderly Current rents: 1 Bdrm Basic Rent $725-Note Rent-$762-Mrkt Rent $888 2 Bdrm Basic Rent $775-Note Rent-$820-Mrkt Rent$1,066 Current management company: Ad-West Realty Services 2. Notifications Provided, Sales Price And Explanation of Potential Assistance: The owner of the property has been a long-time supporter of affordable housing and will soon notify all governmental entities involved in pro viding affordable housing or financial assistance to tenants in the project, and it’s now making you aware of this opportunity. The purchase price for this project has been established as $3,250,000 USDA Compliant Appraisal. The property is currently in a USDA RD 515 program. USDA Rural Development may provide funding to make this purchase possible. Funding may include 100 percent Rental Assistance and interest credit assistance that reduces the loan note interest rate to one percent. 3. Additional Marketing Information. Local Not-For-Profit organizations and public agencies have priority over regional and national Not-For-Profit organizations and public agencies. We are pledged to the letter and spirit of US policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing programs in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin. 4. USDA Contact Information. Laurie Thomack-Finger, Finance and Loan Analyst may be reached by phone (715) 204-8201 or by email at: laurie.thomack@usda.gov. 5. Contact For More Information. Raymond Associates invites you to reach out to the nominated point of contact, David W. Smiley, for additional information and documentation regarding the property and options for potential acquisition. David W. Smiley can be reached by phone at (206) 880-1449 through OG&A Acquisitions LLC, or by email at multifamilypartnershipservices@gmail.com. "This institution is an equal opportunity provider"