Kemper Development will receive a $526 million loan to help finance its 1.5 million-square-foot expansion of the Bellevue Collection in downtown Bellevue.

The money will come from the credit unit of the Canada Pension Plan Investment Board, which invests in diverse types of private real estate. The loan was announced Sept. 10. The board has invested more than $5 billion Canadian dollars into commercial real estate credit transactions since being founded in 2010, according to a press release.

The Lincoln Square Expansion broke ground a year ago. It will consist of a 41-story multi family/W Hotel tower, a 31-story Class A office tower and a three-level retail podium, which will be anchored by a luxury theatre and chef-driven restaurants. The retail podium and towers will sit above a six-level underground parking garage that is contiguous with over 4,000 existing subterranean parking spaces.

Altogether, the project will cost $1.2 billion.

Freeman has called the project an investment in Bellevue.

“While I enter into this next phase of development very enthusiastically, I do so with the strong belief that ‘building community’ is much more than a slogan or the act of constructing structures of steel and glass,” he said in a press release.