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