Updated Oct 28, 2024
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
About this deal
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.
The multifamily loan at 801 Northeast 21st Avenue, Portland, Oregon 97232, United States in Portland, Oregon financed for $67.5M in 2022. Reported inventory is 271 units across 271 units. This page is the Portland, Oregon file for the 801 Northeast 21st Avenue, Portland, Oregon 97232, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Portland sit in the Market section below. Filter that Portland multifamily set by closing date to see what else financed near 801 Northeast 21st Avenue, Portland, Oregon 97232, United States around 2022. Published consideration for 801 Northeast 21st Avenue, Portland, Oregon 97232, United States is $67.5M, dated 2022. Cite this PCCP Provides $67.5M Construction Loan For Multifamily Property In Portland loan when underwriting similar multifamily product around Portland, Oregon.
On the Map
$67,500,000
MultiFamily
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Players
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