Red Fox Capital Partners Provides $11.5M Acquisition Loan For Industrial Property In Seattle, WA
Red Fox Capital Partners completes loan for $11,500,000 in Seattle
Summary
An industrial outdoor storage site in Seattle, WA was recently acquired through a loan transaction. The property is located within the vibrant market of Seattle and offers ample space for storage. The loan, provided by Red Fox Capital Partners, amounted to $11,500,000, providing nearly 80% leverage for the buyer. The acquisition loan allowed the buyer to utilize collateral from their portfolio to secure the financing. This strategic approach was facilitated by Red Fox Capital Partners, led by Stephen Reid Nemeroff and Sage Usher, who played a crucial role in structuring the deal. The transaction was facilitated by Faraz Rouhani from Bellevue Capital Group, who acted as the broker on behalf of the buyer.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $11,500,000
- Lender: Red Fox Capital Partners - Stephen Reid Nemeroff & Sage Usher
- Broker: Faraz Rouhani - Bellevue Capital Group
This transaction highlights the importance of leveraging other collateral within a buyer's portfolio to secure financing. The buyer was able to optimize their investment strategy by utilizing the industrial outdoor storage site as collateral. Red Fox Capital Partners, along with their representatives Stephen Reid Nemeroff and Sage Usher, provided valuable guidance throughout the process, ensuring a successful acquisition. Faraz Rouhani, the broker from Bellevue Capital Group, played a crucial role in connecting the buyer with the lender and facilitating smooth negotiations.
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