Updated Jun 11, 2026
CoreVest Finance Provides $4,725,000 Refinance Loan For 85-Unit Multifamily Asset In Portland
4025 Southeast Hawthorne Boulevard, 612 East Burnside Street & 2255 West Burnside Street
$4,725,000
$92/SF
Building Size
13,455 SF
Asset Type
MultiFamily
Closing
May 29, 2026
About this deal
AI
The asset involved in this transaction is a multifamily property located in Portland, OR, consisting of 85 units and encompassing a total square footage of 51,160. The property was refinanced for a loan amount of $4,725,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,725,000
- Lender: CoreVest Finance
- Brokers: Marc Schillinger & Keaton Yellin & Thomas Gonzalez - JLL
- Market: Portland, OR
- Units: 85
- Square Footage: 51,160
- Loan Type: Refinance
The key individuals involved in this transaction include Marc Schillinger, Keaton Yellin, and Thomas Gonzalez, who represented the transaction through their affiliation with JLL. Their expertise contributed to the successful completion of the refinancing process for the multifamily property.
On the Map
$4,725,000
$92/SF
MultiFamily
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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
3.36%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93