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Seattle & Northwest  + Portland  + Apartments  |  November 8, 2024
Jasmine Kilman
By: Jasmine Kilman

59-Unit Portland MF Lands Refinancing

Ethos Commercial Advisors has secured financing for a recently renovated 59-unit multifamily property in southeast Portland, Oregon.

Division Apartments is an assemblage of three separately platted buildings that are immediately adjacent to each other and are being managed as a single property.

Daniel Natsch and Matthew Illias of Ethos Commercial Advisors secured the $8.5 million, interest-only CMBS loan with a five-year term at 70% LTV. Ethos exclusively represented Lombard Equities on the transaction.

Located at 6400 SE Division St, the property is situated in near downtown via US-26 E and is surrounded by recreational and retail options.

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Inside The Story

EthosLombard Equities

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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