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Developer refinances new apartments in Seattle's wealthy Redmond suburb

First Citizens Bank provides floating-rate loan to MainStreet Property Group
Apartments are the Porch + Park complex in Redmond, Washington, rent for average market rates of $3,250 a month. (JLL)
Apartments are the Porch + Park complex in Redmond, Washington, rent for average market rates of $3,250 a month. (JLL)
CoStar News
September 5, 2024 | 9:46 P.M.

JLL Capital Markets arranged a refinancing loan for the developer of a luxury multifamily property in downtown Redmond, a tech enclave that has been one of the Seattle area’s strongest suburban apartment markets for years.

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