Legacy Partners Secures $107M Construction Loan For 623-Unit Mixed-Use Property In Redmond, WA

A construction loan of $107,000,000 has been secured for a mixed-use property located at 7525 166th Ave NE in Redmond, WA. The property spans approximately 33,000 square feet and consists of 623 units. The loan will be used for construction purposes.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $107,000,000
• Address: 7525 166th Ave NE, Redmond, WA
• Market: Redmond, WA
• Size: 33,000 square feet
• Units: 623

Legacy Partners, represented by Parker Nicholson & Lionstone Investments, acts as the landlord for this property and is involved in the loan transaction. The construction loan signifies the commitment to develop the mixed-use property and meet the needs of the market.