Financing for The Alexander arranged by McBride Capital
September 18, 2019
McBride Capital arranges Freddie Mac financing for 879-unit multifamily portfolio
March 2, 2017
McBride Capital secures financing for The Bakery Blocks in Portland, OR
October 3, 2019
McBride Capital Arranges Acquisition Financing for Multifamily Property in NW Portland.
May 3, 2018
McBride Capital is pleased to announce the acquisition financing for a multifamily property on NW Kearney Street in Portland, OR has closed. McBride Capital worked with this out-of-state sponsor to secure their first multifamily property. Our team worked with the lender and borrower to quickly navigate hurdles identified by third party reports. This loan closed during a period of a significant interest rate increase, which was mitigated by a forward rate lock that secured the interest rate at application.
The loan parameters include a 10-year term with an initial 5-year fixed period and no prepayment penalty. This structure provides an opportunity for the borrower to refinance into a larger loan after the new property manager stabilizes the property at market rents.
The Property is ideally located just one block from 23rd Avenue, a hot spot for retail and dining, and two blocks from Legacy Good Samaritan Medical Center.