Deal: South Point Plaza

Location: Everett, WA

Collateral: A Power-anchored retail center containing 26 retail spaces including anchors Hobby Lobby, Pep Boys, Rite Aid, and Office Depot.

Amount: $20,000,000

Type: Perm-Fixed, Refinance

Purpose: The borrower needed to refinance their maturing CMBS debt and wanted to lock in a long term, low interest rate. We were able to find them a lender that achieved these goals.