#815 - Seattle motel owner facing obstacles in attempt to evict squatters from crime ‘hot spot’

Aaron Cunningham had no idea the nightmare he was signing up for when he agreed to lend around $1.6 million to the owner of two distressed properties — an 11-unit motel and an adjacent, three-story apartment building — on Aurora Avenue North.

Cunningham is the founder and CEO of Inland Capital, a Spokane-based private money lender that typically provides short-term loans to real estate investors to rehabilitate and rebrand their properties.

It wasn’t until after the properties’ owner defaulted on his loans following a deadly arson at the apartment building in July 2020 that Cunningham learned of the two properties’ reputation among neighbors on the eastern slope of Queen Anne.

Join your host Sean Reynolds, owner of Summit Properties NW, and Reynolds & Kline Appraisal as he takes a look at this developing topic.

https://www.seattletimes.com/seattle-news/crime/evicting-squatters-from-crime-hot-spot-proving-difficult-for-owner-of-seattle-motel/

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