Deal: Lonestar Building Location: Seattle, WA Collateral: The collateral consists of a 57,459 square foot, concrete tilt-up, multitenant industrial building sitting on 2.55 acres. Amount: $2,400,000 Type: Perm-Fixed, Acquisition Purpose: This loan request involved the financing …
Deal: IAAI – South Hill Location: Puyallup, WA Collateral: New 85 acre (net) industrial property with 3 small administrative buildings for auto auction business. Amount: $21,000,000 Type: 20-year fully amortizing fixed rate permanent loan to …
Deal: Marysville Holiday Inn Location: Marysville, WA Collateral: 100-key Hotel Amount: $12,050,000 Type: Acquisition Loan Purpose: The buyer located this replacement property in Marysville for the down-leg of their 1031 exchange transaction. Simultaneously with the …
Deal: Evergreen Business Center Location: Everett, WA Collateral: Well maintained, 97% occupied, 51,000 s.f. multi-tenant office building built in 1978. Amount: $1,500,000 Type: Additional Advance Purpose: Over time, the owner of this property had experienced substantial …
Deal: Sumner Holiday Inn Location: Sumner, WA Collateral: 112-Key Hotel Amount: $12,050,000 Type: Refinance Purpose: The purpose was cross collateralized with the Marysville Holiday Inn & Suites property and one of the large stakeholders needed to …
Deal: Jupiter Apartments Location: Capitol Hill, WA Collateral: A three-story, 20 unit apartment building. Amount: $2,502,000 Type: Perm, Acquisition Financing Purpose: The client wanted to diversify their portfolio of single family residential real estate holdings by …
Deal: Canyon Lakes Retail Location: Kennewick, WA Collateral: 7,877 SF, single-story retail center built in 2006 Amount: $1,700,000 Type: Perm, Acquisition Financing. Purpose: JS Coats was asked to finance the down Leg of a 1031 exchange …
Deal: Harbor Village Location: Friday Harbor, San Juan Island, WA Collateral: A 34,500 square foot mixed-use facility in downtown Friday Harbor. Amount: $2,150,000 Type: Perm, Refinance Purpose: The borrower required a new loan to pay off …
Deal: North City Retail Center Location: Shoreline, WA Collateral: 9,141 SF, fully-leased, single-story retail center built in 1950, renovated in 1990 Amount: $1,500,000 Type: Perm, Acquisition Financing. Purpose: JS Coats was asked to finance the down …
Deal: Everett Mall Office Building Location: Everett, WA Collateral: A two-story, 50,000 square foot office building adjacent to Everett Mall. Amount: $3,560,000 Type: Perm, Refinance Purpose: With their current mortgage coming due, and concerns about rising …
