Deal: Harbor Village

Location: Friday Harbor, San Juan Island, WA

Collateral: A 34,500 square foot mixed-use facility in downtown Friday Harbor.

Amount: $2,150,000

Type: Perm, Refinance

Purpose: The borrower required a new loan to pay off a seller-carry note, and fresh capital to perform a substantial renovation of the property. While many lenders were hesitant given the remote location, we were able to provide them with a competitive loan that met all of their needs.