Thursday, November 19, 2009

NBS Financial's Wood Arranges $6M for Renton Commerce Center

NBS Financial Services Executive Vice President Mike Wood has arranged $6 million in financing for Renton Commerce Center, a 114,307 sf flex/industrial building in Renton, Washington, southeast of Seattle. Woodmen of the World was the lender.

Renton Commerce Center was built in 2002 and is fully leased. Tenants include Occupational Health Service, Valley Medical Hospital and CompuVest Corp.

“The conservative loan request, strength of the borrower and Class A quality of the building all contributed to having strong interest from numerous lenders, which allowed us to provide the borrower the most competitive terms available in the market,” Wood said.

Woodmen of the World offered the most attractive overall terms, and the loan funded 46 days from signed application to funding.

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