Parkview Capitalizes on Camas’ Biz-Friendly Vibe

Parkview Financial recently provided a $42 million construction loan to Kirkland Development for the construction of The Ledges at Columbia Palisades, an entitled 90-unit apartment and 51 condominium project located at 19801 East Ascension Loop in Camas, WA. The project sits at the border of Vancouver with downtown Vancouver located 10.5 miles to the west and downtown Portland about 16 miles south. It is anticipated for completion in 2022.

Situated on 1.3 acres and consisting of two buildings, The Ledges at Columbia Palisades is atop a hill overlooking the Columbia River. The 192,701-square-foot project will consist of five stories as well as two partially subterranean parking levels with 231 parking spaces. The apartment component will consist of 18 studios, 51 one-bedroom units and 21 two-bedroom units with an average size of 715 square feet. The condominium component will consist of 42 two-bedroom units averaging 1,266 square feet and nine three-bedroom units averaging 2,102 square feet.

The greater Vancouver area is a solid market that has begun to operate independently of the Portland market. Camas has its own strong fundamentals and is home to many world headquarters including Nautilus and Fisher Investments.

“This is Parkview’s third loan with Kirkland Development,” said Paul Rahimian, CEO and founder of Parkview Financial. “The greater Vancouver area consistently exhibits robust fundamentals and has attracted increased attention from developers and investors over the past 18 months. We anticipate this area to continue to see growth as this location is convenient to a number of nearby job centers.”