3434 NE Sandy Boulevard

The subject property is an 18,184 SF mixed use retail and office building that was originally built in 1951 and extensively renovated in 2017. The subject property is anchored by La Provence Kitchen & Restaurant, which is a very highly regarded eatery with locations throughout the Portland MSA. The property benefits from the newly added showroom style large windows and signage, giving it excellent market appeal along Sandy Blvd. The property is located in the northwest portion of the Laurelhurst neighborhood in the close-in East side area of Portland.

Loan Size: $5,488,000
Loan Term: 10 Years
Amortization: 25 Years
Lender: Regional Bank

Chalet Apartments

The property is an 83-unit Multi-Family (Garden/Low Rise) complex located on an 84,406 SF site which includes an outdoor pool and children’s play area. There are a total of 12 buildings situated on site configured with 148 parking spaces. The property was originally constructed in 1973/1974 and has received numerous upgrades since that time, including interior renovations and a new roof in 2017. The property is located in the northern portion of the city of Springfield, which is about 5 miles east of the city of Eugene. The property is also within walking distance to the Shoppes at Gateway regional mall.

Loan Size: $3,500,000
Loan Term: 20 Years
Amortization: 20 Years
Lender: Life Company

North Pacific Building

The subject is a mid-rise office property containing 34,494 square feet of gross building area, and 25,910 square feet of usable tenant space, including ground floor retail and office units on floors 2-4. The property was built in 1923, purchased by the owners in 1999, and has gone through multiple renovations, with the most recent occurring in 2013. A unique, mixed-use commercial building located along SW 9th Avenue between West Burnside and SW Oak Streets, the property represents the east two-thirds of a triangular block located in a highly trafficked area of downtown Portland

Loan Size: $7,000,000
Loan Term: 12 Years
Amortization: 27 Years
Lender: Life Company

San Tropez Apartments

The subject is a 91-unit Multi-Family (Garden/Low Rise) complex located on a 71,454 SF site, which encompasses the apartments and clubhouse. There are a total of 11 buildings situated on site configured with 134 parking spaces. The subject has 90 covered parking spaces and has a clubhouse with lounge area as well as exercise room, playground, laundry facilities and swimming pool. The property was originally constructed in 1975. The subject property is located in the northern portion of the city of Fresno, CA, two blocks from the Yosemite Freeway. The subject sits within a residential neighborhood and is walking distance from the Northgate Shopping Center,

Loan Size: $2,700,000
Loan Term: 20 Years
Amortization: 20 Years
Lender: Life Company

Bancroft Building

The property is a single level office building comprising of three tenants. The property was built in 1966 and was completely renovated in 1997. There is ample free parking on the site and the property benefits from its convenient access to downtown Portland and close proximity to numerous shops and restaurants. The property is located in the SW Close-In Portland submarket in an area known as John’s Landing, which is about two miles south of the downtown CBD. The property has visibility from Interstate 5 and tenants have unobstructed views of the Willamette River. Tenants also enjoy area amenities ranging from coffee shops to retail to fine dining.

Loan Size: $3,000,000
Loan Term: 7 Years
Amortization: 33 Years
Lender: Bank

Carriage Sqaure Apartments

Carriage Square Apartments, is a 60-unit apartment complex located in Pasco,Washington. The Property was constructed in 1979 and includes nine apartment buildings and one single family home used as a manager’s unit/office on a spacious, combined three acre lot. Common area amenities include a pool, laundry facility, onsite leasing office, and ample parking. Majority of units have updated vinyl floors, carpet, counter tops and appliances. The Property is located in a neighborhood with convenient access to Columbia Basin College, I-182, and The Tri Cities Airport. The property is also adjacent to Stevens Middle School and close to employment, shopping, and recreation.

Loan Size: $2,216,000
Loan Term: 7 Years
Amortization: 30 Years
Lender: DUS Lender

The Slate Apartments

The property is a 10 story, 155,298 square-foot gross leasable mixed use building with 75 residential units and retail and office tenants occupying the first three floors. Construction of the property was completed in 2016 and includes below grade parking under the building. There are 31 residential parking spaces and 20 commercial parking spaces, of which 10 of the commercial spaces are subleased from an adjacent property. The property is situated off NE Martin Luther King Avenue between NE Davis Street and NE Couch Street. This property has tremendous curb appeal with ample street frontage in a very active area of NE Portland.

Loan Size: $30,000,000
Loan Term: 7 Years
Amortization: 30 Years
Lender: Life Company

Monarch Hotel

The property is a three-story, single building 192 room full service hotel. The building was constructed by the borrowers in 1985, who have owned and operated the property ever since. The room mix includes 187 king and double occupancy rooms and 5 suites. The common area includes a registration area, restaurant known as Sam’s, an outdoor pool, gift shop and approximately 20,000 square feet of conference/meeting room space. The subject property underwent a complete exterior remodel in 2004 and a remodel of some of the interior spaces in 2005.

Loan Size: $5,950,000
Loan Term: 10 Years
Amortization: 23 Years
Lender: Correspondent Life Company

Canyon Creek Business Park Buildings B&C

The property is a 116,051 square foot two-building, multi-tenant, industrial and office business park located in Wilsonville, Oregon. Each building is constructed of concrete slab with concrete tilt up walls and a steel web roof structure. The majority of tenants occupy space consisting of both office and warehouse use. The property benefits from close proximity I-5 and its location provides ease of access to other major roadways throughout the city. Corporate neighbors include Tektronics, Mentor Graphics and Sysco Foods.

Loan Size: $8,000,000
Loan Term: 10 Years
Amortization: 25 Years
Lender: Life Company

Five Centerpointe

The property is a 114,214 rentable square foot six story office building located in Lake Oswego, Oregon. Construction of the building was completed during 1988. The building has high quality interior and exterior finishes including brick and glass curtain walls. Building common areas include first and second floor entrance lobbies, a fitness center and a conference room. Five Centerpointe is within the Centerpointe Office Park, a 35-acre office campus conveniently located with easy access and visibility to Interstate 5 and Highway 217. The neighboring area also provides a number of walkable amenities including Starbucks and Oswego Grill.

Loan Size: $14,500,000
Loan Term: 10 Years
Amortization: 30 years
Lender: Life Company

Eastbank Commerce Center

The property is a 4 story, plus basement, creative office building totaling 57,692 square-foot. It was built in 1924 and renovated in the early 2000’s. Renovation included new
infrastructure work throughout the property, introducing a flex work space model, allowing tenants to personalize their spaces. The building is configured in a U-shape which surrounds a courtyard parking lot. This property has tremendous curb appeal with ample street frontage in a very active area of SE Portland. The property benefits from clear visibility from I-5 and its
location provides ease of access to other major roadways throughout the city.

Loan Size: $10,680,000
Loan Term: 10 Years
Amortization: 30 Years
Lender: Life Company

Reed Opera House

The property acquisition contained two commercial buildings, Reed Opera House and Old Spaghetti Warehouse, as well as an income producing parking lot. The Reed Opera House is a 41,141 square-foot, historic multi-tenant commercial building that was originally built in 1870 and has undergone substantial renovation with a focus on preserving the buildings historic qualities.  The Old Spaghetti Warehouse is a 12,786 square-foot restaurant which was built in 1870, and has recently been remodeled which includes a banquet room. The 52 space, 16,000 SF parking lot is also zoned to accommodate future construction of up to four stories.

Loan Size: $3,000,000
Loan Term: 5 Years
Amortization: 30 Years
Lender: Correspondent Life Company

Water Avenue Commerce Center

The property is a 2 story, plus basement, 54,357 square-foot retail and office building situated on a ¾ block site. The subject property is located in the close-in southeast portion of Portland, along I-5 directly across the river from the Portland CBD. The property is comprised of three buildings that were originally built from 1916 to 1984 and renovated in 2006. The ground floor is occupied by three restaurant style tenants as well as one office user, while floor 2 consists entirely of office tenants.

Loan Size: $5,800,000
Loan Term: 10 Years
Amortization: 30 Years
Lender: Correspondent Life Company

811 Stark Building

The property is a 4 story creative office building with street retail totaling approximately 26,685 square-foot. The property is located in the close-in southeast portion of Portland. The property was completed renovated in 2016. New construction included infrastructure work throughout the property, street level retail and garage parking area on the ground floor with three levels of wood frame creative office space above. This property has tremendous curb appeal with ample street frontage in a very active area of SE Portland.

Loan Size: $7,000,000
Loan Term: 12 Years
Amortization: 30 Years
Lender: Correspondent Life Company