Deal: Richland State Office

Location: Richland, WA

Collateral: The collateral for the loan is a 57,934 sq. ft. building of concrete and steel construction built in 1995.

Amount: $6,000,000

Type: Perm-Fixed, balloon

Purpose: The purpose of this loan was to refinance an existing loan secured by an office building anchored by three state agencies which is located in Richland, WA. We were able to obtain attractive bank financing.