ACORE and Mavik Capital Management Close $95M Loan on Washington State Multifamily Property

ACORE Capital and Mavik Capital Management have closed a $95 million loan on a multifamily property in Washington State, according to a report from Commercial Observer published April 20, 2026.

ACORE served as lead lender on the transaction, with Mavik Capital participating as a syndicate lender. Specific terms of the debt, including the loan term, interest rate, and loan-to-value ratio, were not disclosed. The name of the borrower, the property address, and the unit count were also not made available.

Mavik Capital's Recent Deal Activity

The Washington State financing is one of several recent multifamily transactions for Mavik Capital Management. The firm separately originated a $24 million loan for a multifamily tower in Fort Greene, Brooklyn, according to a prior Commercial Observer report.

Mavik Capital also recently closed its second special opportunities fund above its target, raising $685 million, according to a report from IREI.

Sources

• Mavik Capital Management – ACORE, Mavik Capital Lend $95M on Washington State Apartments
• Commercial Observer – ACORE, Mavik Capital Lend $95M on Washington State Apartments