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PCCP Provides $75.5M Refinance Loan For Multifamily Property In Portland

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FINANCED
$75,500,000

Oregon

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MultiFamily
Financed 08/11/2022
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FINANCED

PCCP Provides $75.5M Refinance Loan For Multifamily Property In Portland

7900 Southeast Luther Road, Portland, Oregon 97206, United States

See Similar Deals
MultiFamily
Financed 08/11/2022
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Summary

OREGON
Asset Type:MultiFamily
Transaction Type:Loan

The multifamily property located at 7900 SE Luther Road in Portland, OR has undergone a loan refinance transaction. The property consists of 286 units and is owned by NBP Capital. The lender, PCCP, provided a loan amount of $75,500,000 for the refinance.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $75,500,000
  • Units: 286
  • Address: 7900 SE Luther Road, Portland, OR
  • Market: Portland, OR

NBP Capital, the landlord of the property, sought the loan refinance from PCCP. This transaction allows NBP Capital to secure funds while retaining ownership of the multifamily property in Portland.

Players

LENDER

Details

FINANCED
IMAGE: 08/11/2022 ADDRESS: 7900 SE Luther Road MARKET: Portland, OR ASSET TYPE: Multifamily ~ UNITS: 286 LENDER: PCCP LANDLORD: NBP Capital LOAN AMOUNT: $75,500,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$75,500,000.00

Monthly NOI$503,333.33
Monthly Debt Service$477,211.36
Change in Cash Flow$0.00
Refinance Proceeds$0.00