facebook
Traded Co logo
Submit

PCCP Provides $67.5M Construction Loan For Multifamily Property In Portland

Property Image
FINANCED
$67,500,000

Oregon

See Similar Deals
MultiFamily
Financed 10/06/2022
the dealplayerscompscontact
Property Image
FINANCED

PCCP Provides $67.5M Construction Loan For Multifamily Property In Portland

801 Northeast 21st Avenue, Portland, Oregon 97232, United States

See Similar Deals
MultiFamily
Financed 10/06/2022
the dealplayerscompscontact
Contact now

Summary

OREGON
Asset Type:MultiFamily
Transaction Type:Loan

The property involved in the transaction is a multifamily asset located at 801 NE 21st Ave in Portland, OR. The property consists of 271 units.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $67,500,000
  • Loan Type: Construction loan
  • Lender: PCCP
  • Landlord: NBP Capital

The construction loan of $67,500,000 was provided by PCCP. NBP Capital acts as the landlord in this transaction.

Players

Pacific Coast Capital Partners (PCCP)
Pacific Coast Capital Partners (PCCP)
LENDER
NC
NBP Capital
LANDLORD

Details

FINANCED
IMAGE: 10/06/2022 ADDRESS: 801 NE 21st Ave MARKET: Portland, OR ASSET TYPE: Multifamily ~ UNITS: 271 LENDER: PCCP LANDLORD: NBP Capital LOAN AMOUNT: $67,500,000 LOAN TYPE: Construction loan

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$67,500,000.00

Monthly NOI$450,000.00
Monthly Debt Service$426,645.92
Change in Cash Flow$0.00
Refinance Proceeds$0.00