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PGIM Stacks $22.7MM Mezzanine Loan on SRM Development’s Brizo Apartments in Downtown Bellevue

PGIM's real estate structured debt strategy has supplied a $22.7 million mezzanine construction loan for a 220-unit SRM Development apartment project in downtown...

money roll
AECFinanceIndustry NewsResidential

SRM Development Lands $72.5MM Bank OZK Construction Loan for 239-Unit Brizo Apartments in Downtown Bellevue

Spokane-based SRM Development has lined up $72.5 million in construction financing from Bank OZK to build Brizo, an eight-story, 239-unit market-rate apartment building...

Low angle view of a modern style business building, with lots of windows on a sunny, cloudy day
AECIndustry NewsResidential

SRM Development’s 220-Unit Residential Tower in Bellevue Met with Design Review Approval

By Kate Snyder Bellevue could soon see more housing added to the area. The design for an eight-story residential tower was recently approved...

FinanceIndustry NewsResidential

SRM Development Buys 30-Unit Apartment Complex Slated for Redevelopment in Bellevue for $14.1MM

By Kate Snyder Bellevue’s multifamily market transactions remain steady. A recent deal involved a 30-unit apartment complex trading hands for $14.1 million, or...

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