Freddie Mac Provides $26.4 Million Refinance Loan For Fairfield's 735 St. Clair In Portland

The transaction involves a refinancing loan secured for a 24-story apartment building located at 735 Southwest Saint Clair Avenue in Portland, OR. The asset is classified as MultiFamily and encompasses a significant loan amount of $26,400,000. The refinancing was arranged through Freddie Mac and includes specific loan terms such as a five-year fixed term, three years of interest-only payments, and a comprehensive 35-year amortization schedule.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $26,400,000
• Lender: Freddie Mac
• Landlord: Fairfield
• Loan Type: Refinance
• Loan Terms: five-year fixed term with three years of interest-only payments and a 35-year amortization schedule
• Brokers: Alvin Cao, Brendan Golding, Joe Giordani & Scott Botsford - NorthMarq

NorthMarq played a crucial role in securing the refinancing for this property, representing Fairfield in this transaction. The brokerage team involved included multiple brokers who facilitated the arrangement through Freddie Mac, ensuring a structured financing solution for the 735 St. Clair apartment building located in Portland's Goose Hollow neighborhood.