Dwight Capital Provides $17.5M Loan For Mixed-Use Property In Portland
316 Northeast 28th Avenue, Portland, Oregon 97232, United States
$17,500,000
Building Size
—
Asset Type
Mixed-use
Closing
Aug 8, 2022
AI
The mixed-use property located at 316 NE 28th Ave in Portland, OR has recently undergone a closed transaction. The property consists of 117 units and is situated in a prime market. The transaction involved a loan from Dwight Capital, with Josh Sasouness acting as the lender's representative. The loan amount for this transaction was $17,500,000.
Summary of transaction details
- Property Type: Mixed use
- Transaction Amount: $17,500,000
- Units: 117
- Lender: Dwight Capital
- Lender's Representative: Josh Sasouness
This transaction showcases the collaboration between the borrower and Dwight Capital, with Josh Sasouness representing the lender. The successful loan amount of $17,500,000 highlights the desirability and market value of the mixed-use property at 316 NE 28th Ave in Portland, OR. The involvement of Dwight Capital and the expertise of Josh Sasouness were crucial in facilitating this transaction.
Players
Portland Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93