Ready Capital Secures $141 Million Loan From Peachtree Group For The Ritz-Carlton Portland

The Ritz-Carlton Portland is a mixed-use asset located at 900 Southwest Washington Street in Portland, OR. It is a 35-story tower featuring a 251-key hotel, 131 condos, and 159,000 square feet of office space. The property has been recapitalized with a C-PACE financing amount of $141 million.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $141,000,000
• Lender: Jared Schlosser - Peachtree Group
• Landlord: Ready Capital

This transaction highlights the involvement of Peachtree Group as the financing entity, represented by Jared Schlosser, who facilitated the C-PACE financing for Ready Capital, the landlord of the property. The arrangement focuses on the financial restructuring to enhance the property's value and functionality.