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Washington MultiFams Secure $11M Refinancing

Washington MultiFams Secure $11M Refinancing

Newpoint Real Estate Capital, LLC has provided $11 million in loans on behalf of The Management Group, Inc. to refinance two multifamily properties in southern Washington. The garden-style communities are located in Vancouver, WA and Camas, WA, both within the Portland, OR metro area.

Newpoint’s Jay Blasberg and Jarett Blasberg originated the 10-year Fannie Mae loans. “We went from application to closing in 45 days,” said Jay Blasberg in a news release. “This allowed The Management Group to lock-in historically low interest rates with three years of interest-only.”

First Street Station in Vancouver is a 70-unit complex with one- and two-bedroom units that include washers and dryers, fully equipped kitchens and a patio or balcony. River View in Camas is a 60-unit property featuring spacious living areas, updated flooring and a patio. Both communities were renovated within the past 5 years. 


Inside The Story

Newpoint Real Estate Capital LLC

About Mark Nieto

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.

  • ◦Financing
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