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