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3820 South River Parkway

TPG Provides 169.7 Million Portland Multifamily Loan To Alamo Manhattan And Diamond Realty Investments
FINANCEDMultiFamily

TPG Provides 169.7 Million Portland Multifamily Loan To Alamo Manhattan And Diamond Realty Investments

3820 South River Parkway

$169,700,000

Units

340

Asset Type

MultiFamily

Closing

Aug 11, 2025

AI

A multifamily asset in Portland, Oregon, located at 3820 South River Parkway, comprising 340 units in the Portland market.

Summary of transation details:

  • Property Type: Multifamily
  • Units: 340
  • Address: 3820 South River Parkway
  • Market: Portland, OR
  • Lender: TPG
  • Landlord: Alamo Manhattan & Diamond Realty Investments
  • Date: 08/11/2025
  • Loan Amount: $169,700,000
  • Loan Terms: three-year loan
  • Note: TPG’s real estate credit arm provided $169.7 million in mortgage financing for two South Waterfront Portland apartment properties totaling 572 units, arranged by JLL Capital Markets.

The deal's participants include Lender TPG and landlords Alamo Manhattan and Diamond Realty Investments, with JLL Capital Markets arranging the financing for two South Waterfront properties, reflecting collaboration among investment and management entities in Portland's multifamily market.

Players

T
TPGLender
DI
Diamond Realty InvestmentsLandlord

Portland MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.09%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93