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$325,000,000

For Mixed-Use Tower
in Seattle, WA

Financing Type: Construction-to-Permanent
Property Type: Mixed
Term: 7 Years
Amortization: 30 Years

Transaction Contacts

  • George H. Mitsanas
    Los Angeles Office
    (310) 846-5300

  • Michael Taylor
    Seattle Office
    (206) 816-6800

  • Peter Hillakas
    Los Angeles Office
    (310) 846-5300

  • Patrick Taylor
    Seattle Office
    (206) 816-6800

Share this Transaction

Mixed

The $100 million construction-to-permanent loan was placed with two of Newmark’s correspondent life insurance company lenders on a pari-passu basis with each lender providing $50 million in financing. The 7-year construction-to-permanent loans will be interest-only for a period of time and later amortized over 30 years. Both loans will be serviced by Newmark.