McBride Capital has arranged acquisition financing for a 32-unit multifamily property in The Dalles,
Location: The Dalles, OR
Property Type: Multifamily (32 units)
Loan Program: Regional Bank Lender
Loan Amount: $1,447,500
McBride Capital is pleased to announce the closing of acquisition financing for Cherry Blossom Apartments in The Dalles, OR. Financing for this 32-unit multifamily property was secured via a regional bank lender.
Tertiary markets remain popular for multifamily real estate transactions due to reasonable cap rates, value-add opportunities, and lack of rent control.
The Dalles is located on the Columbia River 85 miles East of Portland, OR. The town is known for its strong history dating back to the Oregon Trail. With its easy access to PDX and abundant hydro power, The Dalles has made an ideal home for Google's data center, which is currently being expanded.