Private Investor Secures $16 Million Refinance Loan For 104,000 Square Foot Industrial Property In Kirkland

The industrial asset involved in this transaction is located at 11860 Northeast 112th Street in Kirkland, WA. The property encompasses a total square footage of 104,000 and has been refinanced for a total loan amount of $16 million.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $16,000,000
• Loan Type: Refinance
• Loan Terms: Seven-year fixed-rate, interest-only loan
• Market: Kirkland, WA
• Asset Square Footage: 104,000

The refinancing was completed by a private investor using an insurance company lender. Brokers involved in this transaction include Mike Wood, Michael Taylor, and Tim Brown from Gantry.