$11.85M financing secured for Seattle multi-housing community
JLL Capital Markets secured the refinancing of the 54-unit J.G. Whittier in the Ballard neighborhood of Seattle, Washington
SEATTLE, Jan. 16 , 2024 – JLL Capital Markets announced today that it has arranged the $11.85 million refinancing of J.G. Whittier, a newly constructed, 54-unit, mid-rise apartment community located in the Ballard neighborhood of Seattle, Washington.
JLL worked on behalf of the borrower, FFV Crown Hill, LLC., to secure the five-year, fixed-rate loan through National Life Group.
Completed in 2023, J.G. Whittier consists of studio, one- and two-bedroom apartment homes with extra-large operable windows, solid surface countertops, stainless steel appliances, full-size washer and dryers and spacious closets. Community amenities include a rooftop pet play area with washing station, a rooftop deck with green space, walking paths and multiple seating areas, a fireplace lobby and lounge, a media room, electric vehicle charging stations, a sundeck and a business center. The property also features 2,819 square feet of retail space on the ground floor.
J.G. Whittier is located at 7750 15th Ave. NW within the Ballard neighborhood just northwest of Downtown Seattle. The community is within proximity to all of Ballard’s extensive amenities, including many of the city’s best bars and restaurants, and within a two-mile radius of the property is over 4.9 million square feet of retail. Residents also have convenient access to South Lake Union and its numerous employment opportunities, a stunning waterfront and views of Puget Sound, as well as outdoor recreational activities at the Golden Gardens Beach, Ballard Locks, Gilman Playground, Woodland Park Zoo and Discovery Park.
The JLL Capital Markets Debt Advisory team was led by Senior Director Seth Heikkila and Associate Steve Petrie.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 capital markets specialists worldwide with offices in nearly 50 countries.
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About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.