Deal: Manhattan Village

Location: Normandy Park, WA

Collateral: 62,591 square foot, grocery-anchored shopping center located along 1st Avenue South in Normandy Park, WA.

Amount: $7,700,000

Type: Fixed Rate Perm

Purpose: The purpose of this loan was to extend the fixed rate term of an existing loan while borrowing additional money to demolish an old freestanding building and constructing a new Starbucks drive-through pad.