IDM Multi-family Portfolio

The IDM portfolio consists of 408 apartment units in four new properties including Division Street Lofts, The Grove at 72nd, East Twelve Lofts and Hawthorne 26 Apartments. These attractive multi-housing communities are located in Vancouver, Wash., and Portland’s close-in eastside neighborhoods, each of which has achieved strong market interest and prompt stabilization.  Melvin Mark Capital Group arranged a $52.3 million, 15-year loan with a life company to be amortized over 30 years.