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Seattle & Northwest  + Portland  + Apartments  | 
JLL has helped to arrange 95 million dollars in financing for a multifamily project in Portland Oregon

JLL Arranges $95 Million in Financing for Multifamily Project in Portland

Guardian Real Estate Services LLC has secured $95.2 million in construction financing and joint venture equity to develop Slabtown Square, a 200-unit, mixed-use multi-housing project with ground-floor retail in Portland.

JLL Capital Markets arranged the four-year, floating-rate construction loan through an unnamed money center bank and secured the joint venture equity through an institutional investor. Slabtown Square, at 2070 NW Quimby St., will include studio, one- and two-bedroom units, with an average unit size of 670 square feet. The seven-story project will also include 11,542 square feet of ground-floor retail, a fitness center, clubhouse and a rooftop deck.

“Slabtown Square’s premier sponsorship of Guardian and their institutional equity partner, ideal location in Northwest Portland and thoughtful project design helped garner significant lender interest,” Casey Davidson of JLL’s debt team.

Davidson led the debt team along with Charlie Watson. JLL’s equity placement team was headed by Ira Virden and Mark Erland.

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