Bellwether Enterprise Closes $51M Refinancing of 260-Unit Apartment Community in Bellevue

by Nellie Day

BELLEVUE, WASH. — Bellwether Enterprise Real Estate Capital LLC has closed the $51 million refinancing of the 260-unit Alley 111 in Bellevue. The apartment community is located at 11011 N.E. 9th St.

Alley 111 was built in 2015. The community features a rooftop deck and lounge, fitness center, storage lockers for skis and snowboards, and dry-cleaning services. The property’s ground-floor retail includes Minamoto Japanese Cuisine and Honor Coffee.

Laurie Morfin originated the 10-year, fixed-rate loan. The lender was Nationwide.

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