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JLL Lines Up $43.5M Refinancing Downtown Redmond MF
JLL has secured a $43.5 million refinancing for The Carter on the Park, an iconic 180-unit luxury apartment community in the heart of downtown Redmond, Washington.
JLL worked on behalf of the borrower, Washington Holdings, to arrange the loan through PGIM Real Estate. JLL Capital Market’s Debt Advisory team representing the borrower was led by Senior Managing Director Bruce Ganong and Senior Director Seth Heikkila.
Located at 7508 159th Place Northeast, The Carter on the Park is just minutes away from the future Downtown Redmond Link Light Rail Extension and SR-520. The property is also situated in close proximity to large tech companies in Redmond, Kirkland and downtown Bellevue. The community has a high walkability score, with easy access to boutique retailers, restaurants, shops and entertainment venues.
Built in 2016, The Carter on the Park is a six-story luxury apartment community, situated over 216,220 square feet. The complex offers urban one-, traditional one- and two-bedroom units.
