Transaction Type
Mixed-Use (Retail/Office/Multifamily)
Loan Type
Bridge Loan
Loan Term
3 Years + 2x1 Year Extensions
Highlights
• Cash-in refinance of a CMBS loan on a 48,249 SF mixed-use (retail, office and multifamily) property located within the Pearl District of Downtown Portland. The borrower contributed fresh equity to secure the refinance.
• Property was 80% occupied at the time of closing, with one vacant retail space on the ground floor. A10’s loan provided a facility to assist in the lease-up of the vacant ground floor space.
• Low-loan-to-value transaction
• Strong sponsorship group with a focus on West Coast properties.
