Deal: Wild Waves Amusement Park
Location: Federal Way, WA
Collateral: Leased fee interest in 66 acres along I-5, zoned industrial, which is 100% ground leased to an investment grade theme park operator.
Type: Perm-Fixed, Refinance
Purpose: The borrower was looking for a fully-amortizing loan, in step with the ground lease, to provide cash-out for future growth and to reposition and improve their already stellar balance sheet.