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3/19/26
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In a recent financing deal out of Oregon, a private investor has secured a $12 mil refi loan on a pair of industrial warehouse buildings located at 5640 NE Wagon Drive Blvd in Hillsboro, a western suburb of the Portland MSA.
The 10-acre site features two buildings totaling 192k sf, including a single-tenant asset with approximately 152k sf and an adjacent 40k sf multi-tenant flex building.
Gantry’s Blake Hering, Principal, Kristin Lapinskas, Associate, and Abi Hunter, Director, with the firm’s Portland production office arranged the 10-year, fixed rate, non-recourse loan, set at 25-year amortization. The loan was funded through an insurance company source. Gantry will service the loan for the lender.
According to Gantry’s Blake Hering, “…insurance company lenders continue to prioritize industrial property for their CRE lending allocations. After securing the permanent loan for the original acquisition, the borrower opted to refinance the asset to harvest the equity deployed in constructing the new building.”
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