Fannie Mae Provides $42 Million Loan For SB Real Estate Partners' 270-Unit Multifamily Property

The property asset involved in this transaction is the Portola Bridge Creek apartment community, which consists of 270 units located at 9211 Northeast 15th Avenue in Vancouver, Washington. The transaction was facilitated through a loan, with a total amount of $42,000,000 secured under Fannie Mae for this multi-family asset.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $42,000,000
• Address: 9211 Northeast 15th Avenue
• Market: Vancouver, WA
• Units: 270
• Lender: Fannie Mae
• Landlord: SB Real Estate Partners
• Brokers: Charles Halladay, Rick Salinas & Elijah Lax - JLL

JLL Capital Markets played a crucial role in this transaction by securing the financing for SB Real Estate Partners, representing them in the deal effectively. The brokers involved brought their expertise to facilitate the arrangement of the loan for the multi-family property.