JLL has successfully arranged a $43.5 million refinancing for The Carter on the Park, an upscale apartment complex with 180 units located in the heart of downtown Redmond, Washington.
Working on behalf of borrower Washington Holdings, JLL secured the loan through PGIM Real Estate. The Debt Advisory team at JLL Capital Markets represented the borrower and was led by Senior Managing Director Bruce Ganong and Senior Director Seth Heikkila.
Conveniently situated at 7508 159th Place Northeast, The Carter on the Park is just minutes away from both future Downtown Redmond Link Light Rail Extension and SR-520. It also boasts close proximity to major tech companies in Redmond, Kirkland, and downtown Bellevue. With a high walkability score, residents have easy access to boutique retailers as well as restaurants and entertainment venues.
Completed in 2016 with six stories spanning over 216,220 square feet ,The Carter on the Park offers urban one-bedroom units as well as traditional one- or two-bedroom options for its residents.
This news was originally reported by Connect CRE but has been rewritten for clarity and conciseness.
