$36.15 Million Acquisition Loan Secured For Class-A Office & R&D Building In Redmond WA

The property involved in the transaction is a Class-A Office & R&D Building located at 7400 166th Avenue Northeast, Redmond, WA. The asset spans 11,368 square feet and is part of the Redmond market.

Summary of transaction details:

• Property Type: Class-A Office & R&D Building
• Transaction Amount: $36,150,000
• Loan Type: Acquisition
• Loan Terms: Fixed-rate, interest-only loan
• Brokers: Kovi Elkus & John Bianco - Meridian Capital Group

The key individuals in this transaction are Kovi Elkus and John Bianco, both of whom represent Meridian Capital Group. Their involvement indicates a focus on facilitating the acquisition loan for the property asset in question.