Tom Goodsite Of PGIM Real Estate Provides $107.2 Million Loan For AEW Capital Management Multifamily Assets

3801 Stone Way North & 424 East 36th Street are two multifamily assets located in Seattle and Charlotte, NC. The transaction involves a loan amount of $107,200,000, which was split into a $62 million refinance for Bowman Stone Way in Seattle and $45.2 million for 30Six NoDa in Charlotte. These properties are situated in strong submarkets with access to major employment hubs, amidst ongoing regional growth.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $107,200,000
• Lender: Tom Goodsite - PGIM Real Estate
• Landlord: AEW Capital Management
• Location: Seattle & Charlotte, NC

Tom Goodsite represents PGIM Real Estate in providing fixed-rate financing for the two multifamily assets, facilitating the refinancing process for AEW Capital Management. The deal highlights the strategic investment in regions experiencing significant growth and access to essential employment sectors.