Urban Development Group Refinances 146-Unit Multifamily Property In Portland, OR With $24.9M Loan From Dwight Capital. Brokers: Ken McBride & Matt McBride - McBride Capital
FINANCED
$24,900,000
Oregon
See Similar DealsMultiFamily
Financed 12/08/2022
FINANCED
Urban Development Group Refinances 146-Unit Multifamily Property In Portland, OR With $24.9M Loan From Dwight Capital. Brokers: Ken McBride & Matt McBride - McBride Capital
2590 NW Upshur St Portland, OR 97210, USA
See Similar DealsMultiFamily
Financed 12/08/2022
Summary
OREGON
Asset Type:MultiFamily
Transaction Type:Loan
The property involved in this transaction is a multifamily asset located at 2590 NW Upshur St in Portland, OR. It consists of 146 units. The loan for this property was provided by Dwight Capital for a total amount of $24,900,000. The purpose of the loan was to refinance the property. The landlord of this asset is Urban Development Group. The brokers involved in this deal are Ken McBride and Matt McBride from McBride Capital.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $24,900,000
- Address: 2590 NW Upshur St, Portland, OR
- Market: Portland, OR
- Units: 146
- Lender: Dwight Capital
- Landlord: Urban Development Group
- Brokers: Ken McBride & Matt McBride - McBride Capital
- Loan Type: Refinance
The transaction was facilitated by Ken McBride and Matt McBride from McBride Capital. They represented the parties involved in the deal, but they were not the buyers, sellers, landlords, or tenants. The loan provided by Dwight Capital will enable Urban Development Group to refinance the multifamily property located at 2590 NW Upshur St in Portland, OR.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$24,900,000.00
Monthly NOI$166,000.00
Monthly Debt Service$157,384.94
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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