SEATTLE-Chicago-based Walton Street Capital, the proprietor of Metropolitan Park East, has reached a contract with its lenders to stretch out an overdue loan. Servicer ING Clarion said that the deal includes $5 million in equity contribution from Walton Street Capital.
The 20-story office tower is situated on Howell Street in the Denny Triangle neighborhood of Seattle. Walton Street obtained a $79.7-million loan in 2005 to purchase Metropolitan Park East. Lender Greenwich Capital later sold the loan to investors. For the full story, go to Seattle Times .
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