ColRich Secures $40.5 Million Refinance Loan For 162-Unit Multifamily Property In Portland

2020 Northeast Multnomah Street

$40,500,000

Building Size

—

Asset Type

MultiFamily

Closing

Aug 11, 2026

AI

The Payton is a 162-unit Class A+ multifamily property located at 2020 Northeast Multnomah Street in Portland, OR. The property was refinanced with a loan amount of $40,500,000, facilitated through a five-year floating-rate loan. Prime Finance served as the lender for this transaction.

Summary of transaction details:

Property Type: MultiFamily
Transaction Amount: $40,500,000
Loan Type: Refinance
Lender: Prime Finance
Landlord: ColRich
Brokers: Aldon Cole, Jimmy Conley, Brock Knapp, Sean O’Brien, Ben Choromanski & Matthew Payamps - JLL

JLL Capital Markets was responsible for securing the refinancing for ColRich, representing their interests in the transaction. This loan enables the continued management and operation of The Payton multifamily property in the Portland market.

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