$7.2MM Refinance of Seattle Mid-Rise Office Building

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