$9,500,000
Federal Way, WA
Transaction Type
Loan Refinance
Non-Recourse
Loan Type
Permanent Loan
Situation & Challenges
- Refinance of value-add bridge loan
- New leases were signed, but tenants not yet in occupancy
Solutions & Highlights
- Recapitalized tenant improvement (TI) costs and costs associated with property improvements
- 10-year loan term; 30-year amortization