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15150 Gifford Lane Oregon C...

Updated Oct 29, 2024

Pahlisch Commercial Secures $44M Bridge Loan To Refinance Timberview Apartments And Townhomes In Oregon City
FINANCEDMultiFamily

Pahlisch Commercial Secures $44M Bridge Loan To Refinance Timberview Apartments And Townhomes In Oregon City

15150 Gifford Lane Oregon City, Oregon 97045, USA

$44,000,000

Building Size

Asset Type

MultiFamily

Closing

Aug 17, 2023

About this deal

AI

Pahlisch Commercial, a Pacific Northwest developer, has secured a $44 million bridge loan from Dwight Mortgage Trust (DMT) to refinance its recently constructed Timberview Apartments and Townhomes complex in Oregon City, Oregon. The property, located at 15150 Gifford Lane, is a multifamily asset spanning 9.6 acres. The loan amount of $44,000,000 was obtained for the purpose of refinancing.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $44,000,000
  • Address: 15150 Gifford Lane
  • Market: Oregon City, OR
  • Landlord: Pahlisch Commercial
  • Brokers: Matt McBride & Kenneth McBride - McBride Capital

The loan was provided by Dwight Mortgage Trust as a bridge loan to assist Pahlisch Commercial in refinancing the Timberview Apartments and Townhomes complex. The deal was facilitated by brokers Matt McBride and Kenneth McBride from McBride Capital.

Players

Kenneth McBride

McBride Capital

Broker

$68.9M

vol

2 deals

Broker
Dwight Capital
Dwight CapitalLender

Oregon City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.36%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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