Pine Forest Properties Secures $30 Million Loan For Allez Apartments In Redmond Washington

The asset involved in this transaction is Allez Apartments, a multifamily property consisting of 148 units located at 8397 158th Avenue Northeast in Redmond, Washington. The property is part of a luxury community and has been financed through a loan amounting to $30,000,000 with a 10-year, fixed-rate term.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $30,000,000
• Loan Terms: 10-year, fixed-rate
• Lender: PGIM
• Landlord: Pine Forest Properties
• Brokers: Seth Heikkila & Steve Petrie - JLL

This transaction was arranged by the brokerage firm JLL, representing Pine Forest Properties in securing financing for the property. The deal highlights the expertise of Seth Heikkila and Steve Petrie in coordinating complex financial arrangements for multifamily assets in the region.