Subscribe
Home Commercial Anatomy of a Default: How a $229MM Bellevue Office Loan Went From 3.40x Coverage to Foreclosure
CommercialFinanceIndustry News

Anatomy of a Default: How a $229MM Bellevue Office Loan Went From 3.40x Coverage to Foreclosure

July 21, 20263 Mins read497
Share
Bellevue skyline with the marine in the forefront
Photo by Zac Gudakov on Unsplash
Share
A single-tenant office loan that looked untouchable at origination has become one of the Puget Sound
Thank you for your interest in The Registry. You must Subscribe or Log In to read the rest of this content.
Share
office building facade Previous post Eastside Office Demand Holds Near 3.7MM SQFT as Databricks and OpenAI Anchor Bellevue's Flight to Quality

2026 Pacific Northwest CRE Rising Stars

PNW CRE Rising Stars

Featured Posts

power lines

PSE Must Build New Vernell Substation, Upgrade Bellevue Grid by 2030 to Keep Pace With Growth, Joint Study Finds

ByAugust 11, 2026


Recent Posts

Seattle arial photo

BXP Extends $250MM MetLife Loan on Safeco Plaza to 2028 as Seattle Tower’s Value Sinks Below Debt

ByAugust 11, 2026
power lines

PSE Must Build New Vernell Substation, Upgrade Bellevue Grid by 2030 to Keep Pace With Growth, Joint Study Finds

August 11, 2026
Portland Oregon old town sign on a building

Portland Posts Nation’s Second-Largest Job Loss as Seattle Stalls and Pacific Northwest Unemployment Climbs

August 11, 2026
Classroom chairs and desks

Miami-Based Buyer Pays $17MM for Cedar Crest Academy’s 23,000 SQFT Bellevue Campus Building

August 11, 2026
Costco Wholesale Corporation, Puget Sound, King County, Kennedy Wilson, Sammamish Park Place, Vulcan Real Estate, Beverly Hills, GE Healthcare, Summit Classical Christian School, Lytle Enterprises, Bellevue, Issaquah

Costco Files Plans for 166,000 SQFT Warehouse and 20-Pump Gas Station in Tumwater

August 11, 2026
Related Articles
Seattle arial photo
CommercialFinanceIndustry News

BXP Extends $250MM MetLife Loan on Safeco Plaza to 2028 as Seattle Tower’s Value Sinks Below Debt

Boston-based BXP and lender MetLife pushed out the maturity on Safeco Plaza's...

ByAugust 11, 2026
power lines
AECCommercialFeaturedIndustry News

PSE Must Build New Vernell Substation, Upgrade Bellevue Grid by 2030 to Keep Pace With Growth, Joint Study Finds

A Bellevue-Redmond grid capacity study conducted with Puget Sound Energy concludes the...

ByAugust 11, 2026
Portland Oregon old town sign on a building
FeaturedIndustry NewsPortland

Portland Posts Nation’s Second-Largest Job Loss as Seattle Stalls and Pacific Northwest Unemployment Climbs

Portland shed 25,700 jobs over the year ending June 2026 — the...

ByAugust 11, 2026
Classroom chairs and desks
CommercialFinanceIndustry News

Miami-Based Buyer Pays $17MM for Cedar Crest Academy’s 23,000 SQFT Bellevue Campus Building

The trade of a fully occupied, single-tenant elementary school building for nearly...

ByAugust 11, 2026

Create a free account, or log in.

Gain access to read this article, plus limited free content.

Yes! I would like to receive new content and updates.

© Copyright 2024 Jellywp. All rights reserved powered by Jellywp.com