SEEKING: US$17.3MILLION in a three-year mezzanine loan at 13%p.a. interest, with a 25% equity stake at the end. A personal guarantee is available by the owner with $300 million in networth.

The site ( 33.32 acres of land with 318,251 SF of GLA) is in a midsize city in the State of Washington with population of about 80,000.  Total Project Cost: US$57,252,000. The developer has secured 4 major anchor tenants like Sears, Gottschalks, ShopKo, and 8 junior anchor tenants. Land has been secured. A Seattle bank is to lend $48million for the development. Appraised value of the development: $72,770,000 as complete, $9,600,000 as is, and $73,800,000 as stabilized.

Notice: Details of the deal/project will be provided upon signing of NDA/NCA with Premier Capital. If interested in any of the deals/projects listed, please email indication of an interest at: james@premcapital.com Attn. James Kim, Managing Partner.