Lombard Equities Secures $8.5 Million Refinance For Division Apartments In Portland

The property asset involved in this transaction is a multifamily property located at 6400-6476 Southeast Division Street in Portland, OR, comprising 59 units. The total loan amount secured for this asset is $8,500,000, under a refinance loan type with a five-year term and a 70% loan-to-value ratio.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,500,000
• Market: Portland, OR
• Units: 59
• Landlord: Lombard Equities
• Loan Type: Refinance
• Loan Term: Five years
• Loan-to-Value Ratio: 70%
• Brokers: Daniel Natsch & Matthew Illias - Ethos Commercial Advisors

Ethos Commercial Advisors successfully arranged the refinancing for Division Apartments on behalf of Lombard Equities. Daniel Natsch and Matthew Illias played a key role in securing the interest-only CMBS loan for the transaction.