Deal: Kruse Way Plaza
Location: Lake Oswego, OR
Collateral: Kruse Way Plaza I & II are two, three-story office buildings that were constructed in 1984, renovated in 2003, and total 106,330 SF.
Amount: $15,000,000
Type: Fixed with Rate Adjust
Purpose: JS Coats originated this loan with one of its correspondent life insurance companies to facilitate the purchase of a two-building suburban office complex. The major tenant purchased the property to own and control the future of their corporate headquarters.