Acquisition Financing for Prime 205 Retail has Funded
It was a pleasure to work with this sponsor once again. Their latest acquisition is the Prime 205 Retail located near Mall 205 in Portland, OR. The project is shadow anchored by Target, Home Depot, and Bed Bath & Beyond. Major tenants at this retail center include Unitus Credit Union, T-Mobile, Supercuts, and Tuesday Morning. The acquisition included two tax lots, one of which can be utilized for future development.
It was a pleasure to work with this long-time client and add another strong asset to their portfolio.
The 7-year fixed rate loan was originated by Ken McBride and placed with a regional bank.