Silverdale Retail Center

Silverdale Retail Center

$11,050,000 Bridge Loan

68,000 SF Two-Tenant Retail Center

Silverdale, WA

HRC arranged a $11.05M acquisition loan for a 68,000SF retail center located in Silverdale, WA. The 85% LTC loan was provided by a debt fund in the mid L+500bps range. The lender was comfortable providing higher leverage given a recent lease extension by Best Buy and newly signed lease with Party City.

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