Summary: Sponsor sought to take advantage of the recent drop in interest rates and lock in a long-term fixed rate. With 75% near term lease rollover, BluePoint identified a lender who valued the strength of the Sponsor and understood their business plan.
Loan Amount: $7,200,000
Property: 45,000 SF Office Building
Location: Seattle, WA
Purpose: Refinance
Rate:​ 4.22%
Fixed Period:​​ 10 Years
Term: 13 Years
Amortization: 30 Years
Recourse: Non-Recourse