Transaction Content
- 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