Updated Oct 29, 2024
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
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