Portland Apartment Project Secures $67.5M Construction Loan
PCCP, LLC has provided a $67.5 million construction loan to NBP Capital for Sunshine Dairy, a 271-unit apartment project in the Central Eastside neighborhood of Portland, OR. The complex is expected to break ground in Q4 2022, with completion anticipated at the end of 2024.
“Sunshine Dairy is in a centrally located, high-demand Portland location that is poised to appeal to a renter base seeking high-end unit finishes and amenities, proximity to interstates and public transportation, and a highly walkable area with an abundance of retail, restaurants and entertainment options in the immediate area,” said Matt Cochran, Senior VP with PCCP.
The podium-style project will consist of seven stories and one level of subterranean parking. Unit interiors will feature vinyl plank flooring, quartz countertop and modern cabinetry. Community amenities include a courtyard garden plaza, fitness center and movie room. The property will also have 400 square feet of retail space.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.
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