Deal: Marketplace at Lynden

Location: Lynden, WA

Collateral: A Safeway-anchored retail center with 7 total tenants, close to the Canadian border.

Amount: $11,935,000

Type: Perm-Fixed, Acquisition

Purpose: The borrower wanted to finance the acquisition of the shopping plaza as part of a 1041 exchange as well as to lock in a low, long term fixed interest rate. Our lender provided an extended, early rate lock and closed in a professional and timely manner.