Private Construction Loan for 266-Unit Multifamily Development Property in Portland, Oregon

Funded by Parkview Financial

$39,500,000

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.

Funded By

Parkview Financial

Specializing in Ground-Up Construction Financing for Commercial Real Estate