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JLL Delivers $90M for Portland MF Tower Development
Lincoln Property Company and Bridge Investment Group secured $88.89 million in construction financing to build the 17-story Fremont Apartments, a Class A multi-housing community in Portland. Located on the Willamette River at 1550 N.E. Naito Parkway, the 227,599-square-foot property will consist of 236 units and include riverfront restaurant space.
Sitting on 1.84 acres on the North Pearl District’s waterfront, the upscale tower will include a mix of studios, one-bedroom and two-bedroom floor plans, as well as a rooftop terrace. The Fremont Apartments will be the tallest building in proximity to the river in Portland and is the only new permitted residential waterfront project on the west side.
JLL Capital Markets’ Jordan Angel, Doug Bond and Casey Davidson arranged the loan through ACORE Capital. The asset will be held for more than 10 years, as it represents an Opportunity Zone investment.
“This development will represent the best units in the burgeoning Pearl District with extraordinary views of the Willamette River,” says Angel.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing
- ◦Development


