Bainbridge Island & Poulsbo: 159,446 SF Four Property Portfolio Nestled in Washington’s Affluent Peninsula Communities
We provided short-term financing to LBG Bainbridge LLC for the acquisition of a four property, mixed-use portfolio easily accessible via a 35-minute ferry ride from Seattle.
"With some of the Puget Sound’s highest net worth neighborhoods, high traffic counts and consumer spending due to a never-ending supply of visitors that come from all over the world."
LBG Bainbridge, LLC wanted to utilize a 1031 exchange structure to acquire a mixed-use, four property portfolio within the affluent peninsula communities of Bainbridge Island and Poulsbo, Washington. However, they needed a loan to make the time-sensitive acquisition. LBG’s broker, John Lo of CBRE, recommended The Benaroya Company for the loan because of our expertise with mixed-use projects, speed and flexibility.
