Kirkland Development is moving forward with its latest development project, The Ledges at Columbia Palisades on the Waterfront in Camas, Washington. The developer secured $42 million for the construction of the apartment community through Parkview Financial.

The Ledges at Columbia Palisades is a fully entitled five-story development with 90 rental apartment units and 51 condominiums. The apartment unit mix will feature studios, one-bedroom and two-bedroom units, while the condominiums will feature a mix of two and three-bedroom units. The property will also have a bike room, fitness room, two pools, roof deck, dog washing station and a car washing station available to residents.

This is Kirkland's third loan funded by Parkview Financial. For this specific deal, the lender was attracted to the growing Vancouver market, which has attracted increased investment in the last 18 months, according to Paul Rahimian, CEO and founder of Parkview Financial, in a statement. Camas, Washington, where the property is located, is only 10.5 miles from Vancouver and 16 miles from Portland, Oregon, making the city an affordable alternative to both markets.