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8/20/26
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Portola Bridge Creek, a 270-unit, garden-style apartment community in Vancouver, WA, was refinanced with a new loan for $42 mil. The property, constructed in1989, has been owned by SB Real Estate Partners (SBREP) since 2022.
Portola Bridge Creek offers one-, two- and three-bedroom floor plans ranging from 650 sf to 1.2k sf. Property amenities include a community swimming pool with poolside BBQ stations, playground, dog parks, a fully automated Amazon package locker system and a 24-hour modern fitness center.
The property is located at 9211 NE 15th Ave, in the Hazel Dell North area of Vancouver, with access to Salmon Creek schools. The property sits just nine miles north of Downtown Portland and only six miles north of the Vancouver Waterfront redevelopment. Tenants enjoy access to various employment corridors extending southeast into the Camas / Fisher’s Landing campus, directly south through Downtown Vancouver and further south into Downtown Portland.
JLL Capital Markets arranged the five-year, fixed-rate loan through Fannie Mae. JLL also arranged a four-pack, $110 mil Freddie Mac refinance on behalf of SBREP in September of 2025. The 2025 transaction consisted of four separate loans with Freddie Mac that were all structured on five-year terms at fixed interest rates.
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