Evergreen Hospitality Development And Fine Hotel Group Secures $11.5M Construction Loan For Hotel In Hillsboro

An $11,500,000 construction loan has been secured for the development of a hotel located at 5523 Northeast Huffman Street in Hillsboro, OR. This hotel property comprises 115 keys and is owned by Evergreen Hospitality Development and Fine Hotel Group. The loan was provided by Palladius Capital Management, represented by Afshin Kateb, along with Marquee Funding Group.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $11,500,000
• Address: 5523 Northeast Huffman Street, Hillsboro, OR
• Market: Hillsboro, OR
• Keys: 115

Representing the lender in this transaction is Palladius Capital Management, led by Afshin Kateb, in collaboration with Marquee Funding Group. They have provided a construction loan to support the development of the hotel. The landlords, Evergreen Hospitality Development and Fine Hotel Group, will oversee the project's realization.