Deal: UTC Building

Location: Lacey, WA

Collateral: Existing 3-story, 22,848 square foot office building which will be renovated and expanded into a 43,330 square foot office building.

Amount: $9,500,000

Type: Construction

Purpose: This was a construction loan request to build a pre-leased, single-tenant office building which will become the headquarters for Washington State’s Utilities and Transportation Commission.