The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 28, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?





MULTIFAMILY NEWS
Printer-friendly Version   Email an Associate
Portland Res Community Lands $75 Mil Refi

8/17/22

Heirloom, a 286-unit, Class A garden-style multifamily community located at 7900 SE Luther Rd in Portland, has been refinanced with a new senior loan provided by PCCP LLC for $75.5 mil. Developed by NBP Capital, the newly delivered, gated garden-style property was leased in phases beginning in August 2021 and is currently 99.7% leased.

The property is situated in a suburb eight miles southeast of downtown Portland and is minutes away from Happy Valley, OR. Comprised of 10 residential buildings and one clubhouse and situated on 12 acres of land, the property features a nature-inspired design which incorporates natural wood planking, high-quality construction materials, open floor plans, and indoor/outdoor communal amenities.

Interior finishes include tile backsplash, shaker-style cabinetry, pendant lighting, kitchen islands, full-size washers and dryers, walk-in closets, and private patios/balconies. Communal amenities at the property include a swimming pool and spa with an outdoor shower, a dog park and dog wash, secured bike storage and storage units, a fitness center, an outdoor kitchen with a grill, dining space, and fire pit, and a Scandinavian-themed clubhouse with lounge areas, a kitchen, and workspaces.

The property is located eight miles southeast of downtown Portland directly adjacent to Interstate 205 and the MAX Green Line Light Rail, which provide residents access to Portland’s largest urban and suburban employers. Heirloom is directly adjacent to the SE 82nd Avenue retail node and is surrounded by approximately 3 msf of retail in a two-mile radius.





Return to the Archive page
 


 
 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media