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November 14, 2024
Redmond units receive fresh $30 million
JLL announced recently that it secured a new $30 million loan to refinance the 148-unit Allez in downtown Redmond. PGIM Real Estate supplied the 10-year, fixed-rate loan to Pine Forest Properties, which developed the building a decade ago. JLL's Seth Heikkila and Steve Petrie led the effort. JLL notes that Allez, immediately east of the Sammamish River Trail, is poised to benefit from the opening of nearby Downtown Redmond Station, where light-rail service should begin next year.