Updated Mar 11, 2025
Parkview Financial Provides $19M Leasehold Construction Loan For 134-Unit Multifamily In Portland
1835 North Flint Avenue, Portland, Oregon 97227, United States
$19,000,000
Units
134
Asset Type
MultiFamily
Closing
Jul 25, 2022
About this deal
AI
The multifamily property located at 1835 N Flint Avenue in Portland, OR has been involved in a recent loan transaction. The asset consists of 134 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $19,000,000
- Address: 1835 N Flint Avenue, Portland, OR
- Market: Portland, OR
- Lender: Parkview Financial - Paul Rahimian
- Landlord: Ethos Development
- Loan Type: Leasehold construction loan
The loan amount for this transaction was $19,000,000. Parkview Financial, represented by Paul Rahimian, provided the leasehold construction loan. The landlord in this transaction is Ethos Development.
Players
Portland 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
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93