Loan Type : Acquisition
Loan : $5,400,000
A $5,400,000 permanent loan for the acquisition and tenant fit-out of a DaVita Dialysis located in Tacoma, Washington. The loan was written at 70% loan-to-stabilized value and represents 82% loan-to-cost. The loan carries 36-month term with a 25-year amortization at 275 basis points over LIBOR points with a floor of 4.75%.