Updated Aug 12, 2025
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
About this deal
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.
On the Map
$169,700,000
MultiFamily
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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
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93