Sound West Group Refinances Marina Square With $79M Loan From TPG Real Estate | 280 Washington Avenue | TPG Real Estate Credit | Seth Heikkila, Tom Wilson, Steve Petrie | Mixed-use | Loan

Summary

Loan

WASHINGTON

Mixed-use

Summary of transaction details

Property Type: Mixed-use
Transaction Amount: $79,000,000
Units: 270
Address: 280 Washington Avenue, Bremerton, WA
Market: Bremerton, WA
Lender: TPG Real Estate Credit
Landlord: Wes Larson - Sound West Group
Brokers: Seth Heikkila, Steve Petrie & Tom Wilson - JLL

Players

All
5

Agents
3
Agencies
1
Lenders
1

Seth Heikkila

Senior Director

Tom Wilson

Senior Managing Director

Steve Petrie

Analyst

JLL

TPG Real Estate Credit

Details

Deal Summary

FINANCED

IMAGE: Wes Larson, Seth Heikkila, Steve Petrie & Tom Wilso DATE: 02/12/2024 ADDRESS: 280 Washington Avenue MARKET: Bremerton, WA ASSET TYPE: Mixed-use ~ UNITS: 270 LENDER: TPG Real Estate Credit LANDLORD: Wes Larson - Sound West Group BROKERS: Seth Heikkila, Steve Petrie & Tom Wilson - JLL (@JLL) LOAN AMOUNT: $79,000,000 LOAN TYPE: Refinance LOAN TERMS: five-year, floating-rate loan NOTE: Sound West Group, a Washington-based developer, successfully obtained a $79 million loan from TPG Real Estate Credit to refinance Marina Square, a 270-unit mixed-use apartment complex in Bremerton, Washington. The loan arrangement was facilitated by JLL Capital Markets Debt Advisory.

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Address280 Washington Avenue

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