Commercial Loan News
STEELHEAD CAPITAL, INC. PROVIDES $6.450MM DOLLAR LOAN FOR REDMOND TOWN SQUARE IN REDMOND, WA
Seattle, WA - April 30, 2004
Commercial Real Estate Loan Summary:
Steelhead Capital, Inc. closed a $6,450,000 refinance of Redmond Towne Square in Redmond, WA through one of its correspondent relationships on April 30, 2003. The loan was a 10-year at a 5.65% rate amortized over 25-years. The loan to value ratio was 75%.
The 39,843 sq. ft. class A property was built in 2001. It features an exceptional brick exterior, a second story deck overlooking downtown and an underground parking garage. Tenants include Columbia Bank, Microsoft and Steven Smith Construction. The property was 100% occupied at close.
Steelhead Capital is a premier provider of creative commercial loan financing solutions for commercial real estate investors. Steelhead Capital brings an extensive network of lending sources, structured finance experience with a focus on acquisitions, and a clear commitment to personalized customer service to investors financing properties in any of the 50 states. Steelhead Capital's offices are located in San Francisco, CA. Company information can be found at Steelhead Capital Office Loans.
Contact Information:
Steelhead Capital, Inc
415-397-2980 (phone)
415-397-2981 (fax)