Marina Square in Bremerton, Washington

JLL Arranges $79 Million Refinancing for Marina Square in Bremerton, Washington

by Channing Hamilton

BREMERTON, WASH. — JLL Capital Markets has brokered $79 million to refinance Marina Square, a 270-unit community in Bremerton, 16 miles across the Puget Sound from Seattle. JLL worked on behalf of the borrower, Sound West Group, to secure the five-year, floating-rate loan through TPG Real Estate Credit. Seth Heikkila, Tom Wilson and Steve Petrie led the JLL Capital Markets Debt Advisory team.

Marina Square offers studio, one- and two-bedroom units. Amenities include a roof deck with water views, a clubroom with indoor and outdoor space, public plaza, kayak launch and grilling stations. The property also include 9,158 square feet of retail space.

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