Deal: Kirkland Retail and Auto Center
Location: Kirkland, WA
Collateral: 11,500 square foot Retail and Auto Center in Kirkland
Type: Perm-Fixed, Forward
Purpose: The borrower was looking to refinance their maturing existing debt and wanted to lock in a low rate. We placed the loan with one of our correspondent life companies with an 8 month forward commitment and locked in a long term fixed rate before rates went up.