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McBride Capital arranges refinance of fractured condo in Gresham, OR.

September 5, 2019

McBride Capital is pleased to announce the refinance of Campbell Park Apartments in Gresham, Oregon has funded.

 

This is a unique project because it is a fractured condo, with the borrower owning 91% of the total units (138 of 152 total units)

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Although this is an experienced HUD borrower, they needed to complete the refinance in a shorter timeline, which led to the decision to proceed with Fannie Mae.

 

The Client has been a client of McBride Capital for more than a decade and we enjoy a close relationship with their team. 

 

The 12-year, non-recourse, Fannie Mae loan was co-originated by Ken McBride and Sabrina Snow.

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