Commercial Real Estate Finance Platform Crescit Capital Strategies has originated a 4-year, fixed rate, $22 million bridge loan for the acquisition of a retail property in Marysville, WA. A private seller and private buyer transacted on the 220,000-square-foot property.

The Marysville Town Center, anchored by an Albertson’s Grocery Store along with a diverse set of other retailers, is located within 35 miles of Seattle and 75 miles of Tacoma and represents one of several deals that Crescit has completed in the area.

“Crescit is pleased to partner with an owner that has a demonstrated history of acquiring assets and adding value through CapEx and leasing programs,” said Crescit CEO Joseph Iacono. “Crescit’s fixed-rate loan option reduced the borrower’s interest rate risk and provided an attractive alternative to traditional floating rate loans which require the purchase of an interest rate cap.”