NBS Financial Services’ Mike Wood, Principal, Director of Seattle Production and Associate Finance Officer Austin Johnson have arranged $5.6 million in refinancing for Opus Seaway Commerce Center, a 99,222 sf manufacturing building. NBS Financial represented the lender, Jefferies LoanCore, LLC. Rainer Properties, LLC was the borrower.
|Opus Seaway Commerce Center|
“We closed within 32 days,” explained Mike Wood. “This was due to the fact the borrower had an existing loan that was maturing October 31, 2014.”
With the building 100% occupied and a sufficient remaining term on the tenants’ leases, Wood and Johnson were able to structure a 5-year fixed rate term and 30-year amortization.