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JLL Closes $48M Loan for Seattle Waterfront Apartments
Mack Real Estate Group secured $48 million to refinance the newly-opened 16-story Cyrene apartment community in downtown Seattle. The 169-unit luxury property at 50 University St. was completed in 2017.
JLL’s Ray Allen, Seth Heikkila and Drew Heitstuman represented Mack Real Estate Group in securing the financing.
“Cyrene appealed to a broad range of lenders because of its strong sponsorship, quality construction, superior location and high-end amenities,” said Allen. “It is a symbol of a new era on the Seattle waterfront.”
The waterfront community has rooftop terraces, three separate resident lounges, a fitness center and yoga studio, a rooftop clubroom, and three floors of controlled-access parking with electric vehicle charging stations.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing

