Prime Finance Provides $7M Mezzanine Debt For Lynnwood Office Building
FINANCED
$7,000,000
Washington
See Similar DealsOffice182,000 SF
Financed 09/23/2022
FINANCED
Prime Finance Provides $7M Mezzanine Debt For Lynnwood Office Building
20816 44th Avenue West, Lynnwood, Washington 98037, United States
See Similar DealsOffice182,000 SF
Financed 09/23/2022
Summary
WASHINGTON
Asset Type:Office
Price Per Square Foot:$38
Total Square Footage:182,000 SF
Transaction Type:Loan
The office property located at 20816 44th Ave W in Lynnwood, WA has been involved in a recent loan transaction. The property spans across 182,000 square feet, showcasing its ample space for commercial activities. The lender behind this transaction is Prime Finance, who provided a mezzanine debt loan of $7,000,000 to support the involved parties.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $7,000,000
- Address: 20816 44th Ave W, Lynnwood, WA
- Market: Lynnwood, WA
- Asset Type: Office
- Square Footage: 182,000
Pearlmark represented by Bill Swackhamer served as the landlord during this transaction. It is crucial to highlight the instrumental role played by the lenders and landlords in facilitating such deals, ensuring a smooth and successful process for all parties involved.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,000,000.00
Monthly NOI$46,666.67
Monthly Debt Service$44,244.76
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions