Berkadia has secured a $73.5 million loan to refinance The Madison Bellevue, a 281-unit garden-style multifamily property in Bellevue, Washington.
Senior Managing Director Allan Freedman of Berkadia Los Angeles secured the permanent financing through Freddie Mac on behalf of the sponsor, California-based The Ezralow Company.
Situated at 885 154th Pl NE, the property provides easy access to popular destinations like Barnes & Noble, Edgeworks Climbing, and The French Bakery Crossroads. The Madison Bellevue features one- and two-bedroom layouts, complete with quartz countertops, spacious kitchen islands, hardwood-inspired flooring, full-size washers and dryers, stainless steel appliances, and private patios. Residents can also enjoy a range of community amenities, including a gym, a resident lounge, a pool, and more.
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