| Property: | 3736 Rainier Avenue South |
| Location: | Seattle, WA |
| Description: | The facility was developed by Catalyst in 2014 and features 851 climate-controlled units and 64,689 net rentable square feet. The property is conveniently located approximately 3.5 miles southeast of Downtown Seattle and benefits from its location on a major arterial road with high traffic counts, as well as its proximity to multiple retailers including Walgreen’s, Safeway and Lowe’s Home Improvement. |
| Loan Type: | Permanent Loan |
| Lender: | CMBS Lender |
Client Benefits:
- Interest only payments for 10 years
- Non-recourse permanent financing
- Long term fixed rate eliminated interest rate risk
- Rate locked in the mid 3% range