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Seattle & Northwest  + Seattle  + Industrial  | 
Baywood Park

Baywood Park Gets Final Push to the Tune of $17M Loan

A nearly $17 million construction loan was arranged on behalf of a joint venture Onward Investors LLC and Latitude Development LLC for Baywood Park. The 234,175-square-foot industrial property will be located at 200 West Marine View Dr. in Everett, WA.

Andy Finn along with Bob Spiro of NorthMarq’s Minneapolis office and Scott Moline of the Seattle office negotiated the non-recourse construction loan for the borrower through its relationship with a national bank.

The project is located on the Puget Sound waterfront in an area with access to I-5 and SR 529. The facility will be concrete tilt-up featuring a 30-foot clear height, and include dock-high and grade-level doors.

“We were able to provide very attractive non-recourse construction financing for this speculative industrial development,” said Finn. “We were successful in creating the optimal financing solution for our client that will allow them to execute their business plan.”

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Andy Finn

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Development
  • ◦Financing
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