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May 25, 2017
Paragon Real Estate represented the buyer of Lar-Lin Manor, a 25-unit apartment building in North Seattle. Paragon's Jacob Odegard represented the buyer, Greenwood Vista LLC, in the $5.4 million transaction. Windermere Commercial's Lauren Hendricks represented the seller, a family that developed the property in 1967. Odegard said that the acquisition was financed by Pacific Crest Savings Bank, with Homestreet Bank also involved in a refinance that was used toward the down payment. Odegard said that Greenwood Vista is associated with local real estate investor and property manager Irene Arden. Separately, Odegard is also marketing the 13-unit Hahn Apartments, also located near Greenwood Avenue North and North 117th Street.