Deal: Evergreen Medical Center
Location: Kirkland, WA
Collateral: Class A, 5-story medical office building with detached 7-story parking garage located along I-405.
Type: Perm-Fixed, Refinance
Purpose: Prior to the building being sold, the client wanted a long term fixed rate to pay off their maturing debt. One of our life companies provided a long-term fixed rate commitment and was able to underwrite the masterlease to the hospital and the 13 subtenants.