10Y UST4.88%+0.41%30Y MTG7.18%-0.83%SOFR3.89%+0.26%VNQ$96.92-0.10%XLRE$44.56-0.07%FED FUNDS3.88%
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REBusiness Online · Seattle · Capital

Columbia Pacific Advisors Receives $130M Refinancing for Murano Senior Living Property in Seattle

Via REBusiness Online · November 12, 2026
Compiled by Real Estate Trail Editorial · November 12, 2026

Why this matters

Capital markets activity continues to be defined by the rotation from bank balance sheets to non-bank lenders. Private credit funds have raised record dry powder; banks have tightened CRE underwriting standards for the sixth consecutive quarter. The result is a market where well-sponsored deals clear, and marginal credit pays a meaningful spread to do so. Seattle absorption has been weighed down by tech tenant footprint optimization. Multifamily and industrial have been more resilient, with selective bids on best-located product. For LPs, the allocation conversation has shifted decisively toward real estate debt, with equity allocations being deployed more selectively into operator-led platforms.

Editorial analysis · Real Estate Trail Editorial

On the RET wire

  • The 19th Seattle story tracked on the wire in November 2026. All Seattle coverage →
  • Disclosed capital deal value tracked in November 2026: $17.4B across 42 reported transactions.

Computed from Real Estate Trail’s own tracked coverage

Excerpt from REBusiness Online:
SEATTLE — Columbia Pacific Advisors has received a $130 million loan for the refinancing of Murano Senior Living, a seniors housing community located in Seattle. The borrower developed the property, which opened in 20…
Read the full article at REBusiness Online →

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