Construction Loan for Fernhill Crossing Funds
McBride Capital is pleased to announce that construction financing for Fernhill Crossing has closed. Fernhill Crossing is a proposed 19-unit multifamily property located in North Portland. The project will consist of 18 newly built apartment units and one existing home that will be renovated to match the design elements of the greater project.
The project will boast ample open green space and onsite parking. Tenants will enjoy access to Fernhill Park which is located due west of the property. The sponsor plans to break ground in less than one month.
The sponsors of this project were a pleasure to work with. Their experience with larger projects and overall sophistication led to a smooth and successful closing. We're looking forward to working with them on many projects to come.
The loan was originated by Danny Natsch and placed with a private lender.