FINANCEDMultiFamily
Ramsey Kassih Of CoreVest Provides $13,516,640 Refinance For Multifamily Properties In Portland, OR
4025 Southeast Hawthorne Boulevard, 1415 Southwest 11th Avenue, 612 East Burnside Street, 104 Northwest 20th Avenue, 1124 Southwest Columbia Street, 2146 Northwest Johnson Street & 924 Southwest 16th Avenue
$13,516,640
Building Size
—
Asset Type
MultiFamily
Closing
Jun 30, 2026
AI
The property assets involved in this transaction include multiple multifamily units totaling 106 in Portland, OR, situated at the addresses: 4025 Southeast Hawthorne Boulevard, 1415 Southwest 11th Avenue, 612 East Burnside Street, 104 Northwest 20th Avenue, 1124 Southwest Columbia Street, 2146 Northwest Johnson Street, and 924 Southwest 16th Avenue. The transaction involves a refinance loan amounting to $13,516,640.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $13,516,640
- Lender: Ramsey Kassih - CoreVest
- Landlord's Representatives: Marc Schillinger, Keaton Yellin & Thomas Gonzalez - JLL
This transaction showcases the expertise of the representatives involved, with Ramsey Kassih facilitating the loan through CoreVest, while the landlord's interests are represented by the team from JLL including Marc Schillinger, Keaton Yellin, and Thomas Gonzalez, demonstrating a collaborative effort in securing financing for the multifamily assets.
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
1.17%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93