Deal: North Coast Retail
Location: Warrenton, OR
Collateral: A 4-tenant, 32,000s.f., 100% occupied retail center built in 2015 which is anchored by TJ Maxx.
Purpose: Our borrower was looking to bifurcate 1031 exchange proceeds into two acquisitions. Our correspondent lender provided the long term, non-recourse financing that this long-term investor was looking for.