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316 Northeast 28th Avenue, ...

Dwight Capital Provides $17.5M Loan For Mixed-Use Property In Portland
FINANCEDMixed-use

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

Josh Sasouness

Dwight Capital

Lender

$531.6M

vol

15 deals

Lender
Dwight Capital
Dwight CapitalLender

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