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PGIM Real Estate Provides $72M Loan for Seattle Multifamily
PGIM Real Estate has provided a $71.17 million fixed-rate Fannie Mae loan for The Victor, a multifamily property in Seattle, Washington.
The Fannie Mae construction take-out loan was provided through its near-stabilization execution program. The property contains 227 units and features include hardwood-style plank flooring, stainless steel appliances, air conditioning, oversized windows, and open layouts.
The Victor is located at the intersection of the First Hill and Capitol Hill neighborhoods at 1100 Boylston Ave, offering a central location with convenient walkability and proximity to local attractions and eateries.
“We are excited to provide financing for The Victor, a high-quality multifamily development in one of Seattle’s most sought-after neighborhoods,” said Elizabeth Velazquez, Executive Director, Originations at PGIM Real Estate. “As the community approaches stabilization, we anticipate strong demand driven by the property’s modern amenities and its unparalleled location, positioning it for strong, long-term performance.”
