Deal: Kirkland 405

Location: Kirkland, WA

Collateral: The collateral for the loan was an 53,268 sq. ft., building of concrete and steel construction built in 1986.

Amount: $10,700,000

Type: Perm-Fixed, Balloon

Purpose: The purpose of this loan was to provide acquisition financing for a building located in the Kirkland 405 business park in Kirkland, WA. We were able to bring in one of our correspondent lenders who provided not only attractive financing terms but also prepay flexibility.