Deal: Puyallup DSHS
Location: Puyallup, WA
Collateral: Full renovation and expansion of a restaurant into a new, 2-story office building which was 100% preleased to a single tenant.
Purpose: The borrower needed an acquisition and construction loan to redevelopment this old one story restaurant building into a two story, modern office building which was 100% preleased to a single tenant. We found a local bank which provided the most competitive terms.