Metropole Hotel

The subject property is a 24,000 SF, 3-story vacant office building space with plans to convert it into a 38-room luxury boutique hotel. The property is located at the intersection of Second Avenue and Yesler Way, two major thoroughfares in the popular Pioneer Neighborhood of downtown Seattle. This area is centrally located within walking distance to Century Link Stadium, Safeco Field, the Seattle Waterfront and the Pike Street Market.

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  • Property Type Hotel
  • PurposeRefinance
  • Gross Annual Coupon9.80%
  • Loan Amount$4,615,000
  • Loan to Value65.0%
Location

Seattle, Washington

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