Deal: Creekside Plaza

Location: Lynnwood, WA

Collateral: An office building which is 100% occupied by the State of Washington located in suburban Lynnwood, WA.

Amount: $10,000,000

Type:  Perm-Fixed, Refinance

Purpose: The borrower needed to refinance their maturing CMBS debt and wanted to pull out some cash, lock in a long term, low interest rate loan with prepayment flexibility. We were able to find a lender which accommodated their financing needs.