Updated Nov 29, 2024
Dwight Capital Provides $40M Loan For Multifamily Property In Portland, OR
2590 Northwest Upshur Street, Portland, Oregon 97210, United States
$40,000,000
Units
236
Asset Type
MultiFamily
Closing
Sep 12, 2022
About this deal
AI
The multifamily property located at 2590 NW Upshur St & 1717 SE Tenino St in Portland, OR has undergone a loan transaction. The loan took place on December 9, 2022, and was facilitated by Dwight Capital. The loan amount for this transaction was $40,000,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $40,000,000
- Units: 236
- Address: 2590 NW Upshur St & 1717 SE Tenino St, Portland, OR
- Market: Portland, OR
- Lender: Dwight Capital
This loan transaction involved the acquisition of a multifamily property comprising 236 units. Dwight Capital played a key role as the lender in facilitating this transaction.
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
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93