Seattle & Northwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Seattle & Northwest  + Portland  + Finance  | 
Peloton Apartments Portland

Cushman & Wakefield Arranges $71M Refinancing for Portland Multifamily Complex

The Peloton Apartments, a 265-unit, three-building multifamily community in Portland OR has secured a $71 million refinance, solely advised by Cushman and Wakefield. Hangang Asset Management provided the loan on behalf of Woori Bank and KEB Hana Bank. The building name, “Peloton”, means a group of bike riders, paying homage to the neighborhood’s popular bike culture.

“Peloton Apartments has performed exceptionally well throughout the COVID-19 pandemic, averaging over 96% occupancy,” said Cushman & Wakefield’s Dave Karson, who led the team of Chris Moyer, Alex Lapidus and Meredith Donovan in the transaction. Said Moyer, “Peloton’s North Williams District location is one of the most dynamic neighborhoods in Portland.”

The Peloton Apartments community on North Williams Avenue features studio one-bed and two-bed layouts, in addition to live/work units. Amenities include a fitness club, rooftop deck, outdoor firepit, secured underground parking and spacious bike storage. 

Connect

Inside The Story

Cushman & WakefieldDave Karson

About Mark Nieto

  • ◦Financing
Chase-10-cube
Money360-11-cube