Dealmaker: JLL Secures $44M Refinancing in Redmond, Wash.

(Illustration courtesy of JLL)

JLL Capital Markets, Chicago, secured a $43.5 million refinancing for The Carter on the Park, a 180-unit apartment community in downtown Redmond, Wash.

JLL Senior Managing Director Bruce Ganong and Senior Director Seth Heikkila led the debt advisory team representing the borrower, Washington Holdings, Seattle.

PGIM Real Estate, Newark, N.J., supplied the financing.

Located at 7508 159th Place Northeast, The Carter on the Park is close to the future Downtown Redmond Link Light Rail Extension, SR-520 and some of the world’s largest tech companies in Redmond, Kirkland and downtown Bellevue, Wash.

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 apartment community toaling 216,220 square feet. It includes urban one-, traditional one- and two-bedroom units, all equipped with keyless entry, fiber internet and private patios.