FINANCEDMultiFamily
PCCP Provides $67.5M Construction Loan For Multifamily Property In Portland
801 Northeast 21st Avenue, Portland, Oregon 97232, United States
$67,500,000
Units
271
Asset Type
MultiFamily
Closing
Oct 5, 2022
AI
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
NC
NBP CapitalLandlord
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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93