**JLL Arranges $19M Refinancing for Bothell Apartment Complex**
JLL has successfully arranged $19 million in financing for The 104, a 115-unit urban-style apartment community located in Bothell, Washington.
The financing was secured on behalf of the borrower, MainStreet Property Group LLC, as a five-year, fixed-rate loan through Fannie Mae. JLL Real Estate Capital, LLC will service the loan. The JLL Capital Markets Debt Advisory team involved in the transaction was led by Senior Director Seth Heikkila and Associate Bill Maloney.
The 104 offers a mix of traditional and open-concept one- and two-bedroom floor plans. It is located at 18414 104th Avenue NE, just minutes from major routes including I-405 and SR-522. The property is ideally positioned near key employment centers in Kirkland, Redmond, and Bellevue.
Commenting on the deal, Heikkila noted, “The 104 exemplifies the high-quality multifamily product that continues to attract strong interest in Seattle’s Eastside markets. We expect sustained rental demand in Bothell driven by its strategic location and access to the region’s expanding tech job centers.”
