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December 30, 2010

Holliday Fenoglio Fowler

The San Diego and Portland offices of Holliday Fenoglio Fowler arranged a $21 million refinancing for a biotech/lab building in Bothell, and the company's Portland office arranged a $15.6 million refinancing for a 241-unit apartment property in Fife. Tim Wright, Tom Wilson and Zack Holderman secured the loan with Prime Finance for Nexus Properties, which owns the 152,000-square-foot Nexus Canyon Park in Bothell. The loan is a refinancing of a maturing loan. The property is fully leased to VoiceStream/T-Mobile, Immenex/Amgen, Epoch Pharmaceuticals and Acucela. Wilson and Casey Davidson arranged the loan on Rainier Pointe for a joint venture of Security Properties and Equity Resource Investments. Rainier Pointe is undergoing an exterior renovation and apartments are being upgraded. HHF placed the 35-year, fully-amortizing, 3.79 percent fixed-rate (excluding mortgage insurance premium) 223(f) FHA loan with AmeriSphere Mortgage Fianance LLC. The new permanent financing replaced a short-term bridge loan. Rainier Pointe is 88 percent occupied.




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