BISWIRE/Aug. 13, 2026 — Strathcona Capital (“Strathcona”) and Belay Investment Group (“Belay”) today announce a strategic partnership to form a programmatic joint venture targeting construction and bridge financing opportunities across the US. To launch this partnership, the firms have closed a $32.7 million senior construction loan for the development of a 105-unit multifamily project in Seattle, WA (“1 Fremont”). The borrower, Seattle-based Cohen Properties, LLC, will commence construction in summer 2026 with expected completion in late 2027 / early 2028.

 “We are excited to embark on this partnership with Belay to invest in high quality bridge and construction credit investments across the US, with a primary focus on multifamily assets.” said Kevin Ryan Managing Partner at Strathcona Capital. “We continue to source and add attractive multifamily credit investments to our portfolio, and partnering with an experienced developer like Cohen Properties on a well located, thoughtfully designed asset like 1 Fremont is another great addition.”

“Belay is thrilled to announce the formation of our programmatic partnership with Strathcona, whose experienced team brings a deep background in credit structuring and investment. We believe that the 1 Fremont loan is a strong first investment given the to-be-constructed multifamily product which will meet growing demand in this desirable submarket in Seattle. We look forward to working alongside the Strathcona team to build upon this momentum as we establish and expand our new venture” said Eliza Bailey, Co-Founder, CEO & CIO of Belay Investment Group.

1 Fremont, located in the Fremont Village area, will offer high quality residential housing designed to meet demand from Seattle’s growing professional workforce. The mixed-use building will integrate residential and retail uses to support a vibrant neighborhood environment. Notably, the area boasts a mix of arts, entertainment, and tech employment hubs, including major employers like Google, Salesforce, and Adobe, contributing to the neighborhood’s appeal among Seattle’s highly educated workforce.

About Strathcona

Strathcona Capital is a real estate finance company focused on origination, asset management and servicing of real estate credit investments throughout the United States. Founded in 2021, Strathcona targets all sizes and property types of fixed and floating rate real estate loans with a primary focus on multifamily construction and bridge opportunities. Its leadership team brings decades of experience having deployed more than $7 billion of real estate debt across the United States. Visit Strathcona’s website: www.strathcona-capital.com.

About Belay

Belay Investment Group, LLC is an institutional real estate investment management firm that is at the forefront of providing scalable access to small-scale real estate. The firm does this through programmatic partnerships with locally entrenched and specialized operators with exclusive deal flow and “on-the-ground” market insights throughout the US. Belay pursues investment opportunities across the risk spectrum, property types, and geographies, including both debt and equity, offering its clients unique access to these alpha generating real estate opportunities. Visit www.belayinvestmentgroup.com for more information.