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September 19, 2024

JLL finds $43M for Redmond refi

In downtown Redmond, Washington Holdings and MainStreet Property Group developed the 180-unit Carter on the Park in 2015, and have retained ownership. Now JLL has arranged a $43.5 million refinancing package, with the money coming from PGIM Real Estate. JLL's Bruce Ganong and Seth Heikkila led the effort. In announcing the deal, JLL noted that the midrise project gains value by virtue of its location: It's a few steps south of Downtown Redmond Station, which should open next year. GGLO designed the project, which was built by W.G. Clark. Units range from one- to two-bedrooms, and amenities are many. The Carter opened in January of 2017.




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