Deal: Evergreen Office Park

Location: Bellevue, WA

Collateral: A 88,642 sq. ft., 2 building office park of concrete and steel construction built in 1986.

Amount: $22,540,000

Type: Perm-Fixed, Balloon

Purpose: The purpose of the loan was to provide acquisition financing for a 2 building office park located in Bellevue, WA. We were able to bring in one of our correspondent lenders who provided not only attractive financing terms but also prepay flexibility.