Refinancing of The Junction Mixed-Use Redevelopment

Deal value: $210M

Refinancing of a transit-oriented mixed-use redevelopment in Seattle, WA, featuring 200 residential units, 30,000 SF of retail, and 10,000 SF of office space. The property is located at 4500 45th Ave NE and is adjacent to the University of Washington light rail station.

The core motivation is to capitalize on Seattle’s resilient demand for transit-oriented, mixed-use assets amid a constrained development pipeline and strong renter demand. The refinancing enables the owner to lock in capital at a time when well-located, amenity-rich properties near major transit nodes are highly valued, supporting both stable cash flow and long-term appreciation. The belief driving this allocation is that proximity to the University of Washington light rail station and integration of residential, retail, and office uses will ensure sustained tenant demand and asset performance.