Deal Details
Private Loan Type
Commercial Ground-Up Construction
Approx. Funding Date
07/31/2017
Property Type
Multifamily
Property City
Portland
Property State
OR
Loan Term (months)
18
Lien Type
1st Mortgage
Payment Type
Interest Only
Number of Units
266
Deal Summary
Parkview Financial, a private mortgage fund, provided a $39,500,000 1st lien position private construction loan for a 266 multifamily development property in Portland, OR. The loan term was set at 18 months. This ground-up construction loan was funded in July 2017.