Washington Holdings secured a $43.5 million refinancing for The Carter on the Park, a 180-unit luxury apartment community in downtown Redmond, Wash.
JLL worked on behalf of the borrower in arranging the loan through PGIM Real Estate.
Located at 7508 159th Place NE, The Carter on the Park is minutes away from the future Downtown Redmond Link Light Rail Extension and State Route 520. With accessibility to major roadways and public transportation nearby, residents can benefit from the complex’s close proximity to some of the world’s largest tech companies in the Seattle suburbs of Redmond, Kirkland and Bellevue. The community has a high walkability score, with easy access to boutique retailers, restaurants, shops and entertainment.
Built in 2016, The Carter on the Park is a six-story luxury apartment community, situated over 216,220 square feet. The complex offers urban one-, traditional one- and two-bedroom units, all equipped with keyless entry, high-end fini
