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4025 Southeast Hawthorne Bo...

CoreVest Finance Provides $4,725,000 Refinance Loan For 85-Unit Multifamily Asset In Portland
FINANCEDMultiFamily

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

51,160 SF

Asset Type

MultiFamily

Closing

May 29, 2026

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:

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.

Players

Marc Schillinger

JLL

Broker

$2.2B

vol

50 deals

Broker
Keaton Yellin
Verified Badge

Keaton Yellin

JLL

Broker

$750.7M

vol

26 deals

Broker
CoreVest Finance
CoreVest FinanceLender

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