Anderson Corporate Center

The Anderson Corporate Center is a 18,000 square foot multi-tenant office building located on a 0.96 acre site in the well-established Van Mall area of Vancouver, Washington. Located within a mix of commercial and single-family residential developments, the property is conveniently located to major thoroughfares providing high traffic and considerable exposure.

Loan Size: $1,500,000
Loan Term: 10 years
Amortization: 25 years
Lender: MMCG Correspondent Life Company

Central Plaza Parking Garage

The Central Plaza Parking Garage is a 200,000 square foot, 10-story parking garage located in the heart of the central business district in downtown Portland. The property consists of 12,320 rentable square feet of street-level retail and 12,320 rentable square feet of basement storage. The Central Plaza Garage is also surrounded by a number of office buildings and retail shops with easy access to the major freeways.

Loan Size: $6,500,000
Loan Term: 10 years
Amortization: 25 year
Lender: MMCG Correspondent Life Company

Cousins Country Inn

Cousins Country Inn is a 97 guest room, full-service boutique motel, restaurant, and lounge located in The Dalles, Oregon. Completely renovated in 1990, with additional renovations taking place since that time, the property now boasts four separate two story buildings containing 43,897 square feet, with restaurant and lounge, lobby, registration desk, business office, two meeting rooms, additional support areas, and outdoor heated pool. The property is located approximately 80 miles east of Portland, along the Columbia River, with the Cascade Mountains to the north and south. This local area serves as a mecca for outdoor adventure that ranges from river rafting, fishing, wind surfing, hiking, skiing, and camping. Close proximity to the freeway, easy access to the city’s downtown, and attractions of the Columbia region bring visitors to the area in increasing numbers annually.

Loan size: $7,400,000
Loan term: 10 Years
Amortization: 25 Year
Lender: MMCG Correspondent Life Company

FedEx Building

The FedEx Building is a 105,502 square foot concrete tilt industrial building situated on 7.06 acres in Tualatin, Oregon near the intersection of I-5 and Lower Boones Ferry Road. The property consists of 89,153 square feet of warehouse space, 12,900 square feet of office space, a 3,449 square foot maintenance shop and 116 marked parking stalls.

Loan Size: $4,500,000
Loan Term: 10 years
Amortization: 25 years
Lender: MMCG Correspondent Life Company

Hilltop Center

The Hilltop Center is a 14,834 square foot multi-tenant convenience strip-style shopping center located on a 1.56 acre site in the Mill Creek-Woodinville submarket north of Seattle, Washington. The Hilltop Center is situated on a major commercial thoroughfare surrounded by a densely-populated neighborhood.

Loan Size: $2,600,000
Loan Term: 10 years
Amortization: 25 years
Lender: MMCG Correspondent Life Company

Lighthouse Inn

The Lighthouse Inn is an 8-unit boutique motel with two buildings totaling 3,946 square feet, located in the desirable resort and recreation destination of Cannon Beach, Oregon. The property is located along the east side of S. Hemlock Street, the main north/south street through the city which provides strong exposure. Completely renovated in 2012, the property’s two buildings offer numerous amenities for each guest room such as master bedrooms, living rooms, fireplaces, and 10 parking spaces on site.

Loan Size: $900,000
Loan Term: 10 Years
Amortization: 25 Years
Lender: MMCG Correspondent Life Company

NuMiss Office Building

The NuMiss office building is a commercial property located in the desired North Mississippi neighborhood of Portland. Constructed in 2010, the NuMiss building is LEED certified with 14,711 net rentable square feet and built to very high quality standards. Melvin Mark Capital Group was successful in securing a 20 year fixed rate loan at great interest rate with ultimate prepay flexibility.

Loan Size: $2,300,000
Loan Term: 20 years
Amortization: 20 year
Lender: MMCG Correspondent Life Company

The Ocean Lodge

The Ocean Lodge is a high-quality, 45-unit oceanfront lodge located in Cannon Beach, Oregon. Regarded as one of the premier Oregon Coast destination properties, The Ocean Lodge features attention to architectural detail, and quality craftsmanship and materials used throughout the complex.

Loan Size: $10,000,000
Loan Term: 10 years
Amortization: 25 year
Lender: MMCG Correspondent Life Company

The Ocean

The Ocean consists of two commercial buildings totaling approximately 7,400 square feet. The multi-tenanted buildings are occupied by micro-restaurants and other food related companies. The property is very well located in close-in Southeast Portland and is a great example of adaptable reuse of existing buildings.

Loan Size: $1,275,000
Loan Term: 7 years
Amortization: 25 years
Lender: Bank

16 & Savier

16 & Savier includes three commercial buildings situated on three separate tax parcels in Northwest Portland. The area has historically been industrial; however, many of the buildings have been upgraded to office, retail and residential with the expansion of the Pearl District and NW 23rd. Tenants include Mio Sushi and The Guild.

Loan Size: $1,100,000
Loan Term: 10 years
Amortization: 20 years
Lender: Life Company

Sequoia Village Apartments

Sequoia Village is a 72-unit, gated apartment project located within walking distance from Clackamas Town Center. The property consists of separate buildings, garages and surface parking. Other amenities include a new sport court, washer/dryer in units, access to a community swimming pool, and a clubhouse. The borrower acquired a partially-completed project and brought it to completion. The loan provides flexibility for future development of entitled land.

Loan Size: $8,000,000
Loan Term: 7 years
Amortization: 30 years
Lender: Bank

2 & Taylor

The property is a mixed-use creative office building located in downtown Portland, Oregon and will be completely renovated for a creative end-user. At completion, the building will be 73,553 GSF which includes 9,279 RSF of retail and 49,641 RSF of office space. Constructed to Green Globes standards, 2&Taylor will include operable windows, energy efficient lighting, and building systems as well as secure bike storage. The property has just secured its first tenant, Jama Software, which will occupy 50% of the office space.

The Janey Apartments

The Janey is a LEED Platinum, 50-unit apartment building located in the heart of the vibrant Pearl District in Portland. The complex has a walk score of 98. The high quality project was completed and stabilized in 2012 and consists of studio and one-bedroom apartments; 2,618 SF of ground floor retail; and a host of amenities such as bicycle storage, personal storage, on-site concierge, and mechanical parking system.

Loan Size: $8,500,000
Loan Term: 10 years
Amortization: 30 years
Lender: Life Insurance Company

Fifth Avenue Building

The Fifth Avenue Building is a ten-story office building built in 1951 and renovated in 2000. eBay has continued to expand and now has a significant presence within the property. The building totals 169,263 RSF and includes 59 surface parking spaces. Ground floor tenants include KinderCare, FedEx, and 24 Hour Fitness.

Loan Size: $17,000,000
Loan Term: 10 years
Amortization: 25 years
Lender: Life Company

Urban Multifamily Portfolio

Located in Northwest Portland, this three-property portfolio includes:

  • Franklin Ide, a six-level, 92-unit apartment building located on NW Lovejoy and 23rd Avenue.
  • Benevento, a four-story, mixed-use project at the corner of NW 23rd Avenue and Raleigh Street. The property features 24 units and two prominent restaurants–Lompoc Brewery and St. Jacks.
  • Sawyer’s Row, a 40-unit, three-story apartment complex is located close to the future Conway/New Seasons development site.

All properties are high-quality, well-located and newly-constructed multifamily. Each has achieved LEED Gold certification or higher with a walk score of 90+.

Loan Size: $29,100,000
Loan Term: 10 years
Amortization: 30 years
Lender: Life Company