Deal: Valley View Medical
Location: Renton, WA
Collateral: A 38,000sf, 2-story medical office building situated over a subterranean parking garage.
Purpose: Our borrower was looking to bifurcate 1031 exchange proceeds into two acquisitions. Our correspondent lender provided the long term, non-recourse financing this long-term investor was looking for. Closing took place within 30 days.