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Avenue Bellevue Closes $700M Construction Loan on Mixed Use Project

The transaction is one of the largest recorded in the US since the start of the pandemic and the largest construction loan in Bellevue’s history.

By Les Shaver | April 22, 2021 at 07:06 AM

Avenue Bellevue, in partnership with Fortress Development, has secured financing from Silverstein Capital Partners for a two-tower luxury condo, hotel and retail development currently under construction in downtown Bellevue, WA.

The $700 million transaction is one of the largest recorded in the US since the start of the pandemic and the largest construction loan in Bellevue’s history, according to Avenue Bellevue. SCP is the real estate lending platform for New York-based Silverstein Properties; the deal also marks Silverstein Capital Partners’ first construction financing loan on the West Coast.

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