Featured Transaction
Loan Size: $12,500,000
Loan Term: 10 years
Amortization: 25 years
Lender: Life Company
Recent Transactions
The Pettygrove Medical Center is a 25,623 SF medical office building located in Northwest Portland. With eight tenants, the property is 100% leased in spaces ranging from 367 SF to 6,057 SF. The property consists of four, separate buildings constructed in the early 1970s. The property has on-site parking and is located two blocks from Good Samaritan Hospital and Linfield Nursing College.
Loan Size: $3,225,000
Loan Term: 15 years
Amortization: 25 years
Lender: Life Company
The five-story office building was originally constructed with reinforced concrete in 1924 as a warehouse and was renovated into office space in 1981. Located in the diverse South of Market District, this 60,000 SF building is in high demand with its proximity to the Caltrain commuter rail station, Mission Bay development, and UC San Francisco campus.
Loan Size: $12,500,000
Loan Term: 10 years
Amortization: 25 years
Lender: Life Company
The Water Tower is an attractive, mixed-use property located in the John's Landing neighborhood. The well-known landmark consists of office and retail totaling approximately 121,443 RSF and includes retail tenants such as Pier 1, Postal Annex and Honey Baked Ham. With recent updates to the interior and exterior common areas as well as property landscaping and close proximity to Downtown Portland CBD, OHSU and the South Waterfront District, the property is highly desirable.
Loan Size: $12,600,000
Loan Term: 10 years
Amortization: 30 years
Lender: CMBS Lender
The subject property is very well located between the Yerba Buena and South of Market submarkets. The property has great exposure; located on a major thoroughfare next door to the Moscone Convention Center and Intercontinental San Francisco Hotel. The two-story office building was renovated in 1997, prior to occupancy by the PGE energy conversation center. Renovations included seismic upgrades, utility service, HVAC upgrades, and roof cover.
Loan Size: $3,000,000
Loan Term: 15 years
Amortization: 15 years
Lender: Life Company
The subject property is a mixed use office over retail building located in Oakland's City Center. Access to shopping, restaurants, and public transportation make this a very attractive location. Interior spaces provide a brick and timber feel in a downtown setting. The property was built in 1912; however, it was completely renovated including seismic retrofit in 2000.
Loan Size: $2,400,000
Loan Term: 9 years
Amortization: 22 years
Lender: Life Company
The subject property is a two-story, garden style apartment complex built in 1968. The property is located in Canby, Oregon and consists of five separate buildings with a total of 35 units.. The property features townhouse style units with a tenant base for 26 years. Capital improvements included new vinyl windows, insulation and new roofs on four buildings.
Loan Size: $1,520,000
Loan Term: 10 years
Amortization: 30 years
Lender: Fannie Mae
Loan-to-Value Ratio: 79.1%
The subject property is a multi-family complex in Beaverton, Oregon. The 121 units range in size from 1 bedroom/1 bath to 3 bedroom/2 bath apartments and are spread over 15 buildings. Amenities include a pool, clubhouse, sauna, on-site laundry facilities and approximately 250 off-street parking spaces.
Loan Size: $4,000,000
Loan Term: 15 years
Amortization: 15 years
Lender: Life Insurance Company
The subject property is a 52-unit, garden-style apartment complex on 1.97 acres. The five, two-story buildings feature all two bedroom/one bath 800 SF units. The 1.17 parking ratio includes 49 covered carport spaces and 12 open asphalt spaces.
Loan Size: $4,575,000
Loan Term: 7 years
Amortization: 30 years
Lender: Bank
The subject property is a renovated 11,113 SF single tenant retail building on a 0.45 acre site located in North Portland. The property, updated with new exterior and interior finishes and mechanical systems in May 2012, has convenient access to I-5 and Portland Blvd.
Loan Size: $1,330,000
Loan Term: 10 year fixed
Amortization: 30 years
Lender: Bank
We are pleased to announce the financing of the Parkside Brentwood Apartments. The subject is a 60 unit, garden style apartment community constructed in 1972 and renovated in 2006. The property has experienced high occupancy for several years and was nearly 97% occupied at the time of funding. In this case, the Borrower was able to obtain a long term, low 4% rate and non-recourse loan.
Loan Size: $5,786,000
Loan Term: 10 years
Amortization: 30 years
Lender: Fannie Mae
Loan-to-Value: 76.3%
Miller Junction, Seattle, Washington
Miller Junction is a one-story retail storefront building in West Seattle totaling 20,220 RSF. The property is 100% occupied by five tenants and has enjoyed excellent historical occupancy. The building was originally constructed in 1924 and has been renovated and updated over time. The borrower was able to replace shorter term bank debt with a long term, fixed rate loan from a life insurance company.
Loan Size: $2,100,000
Loan Term: 10 years
Amortization: 25 years
Lender: Life Insurance Company
230 California Street is a six-story office building with ground floor restaurant and bar - Perbacco & Barbacco. The 48,390 square foot building is located in the heart of the Financial District in San Francisco. The owners have done a fabulous job in upgrades to the property including elevator, lobby, and façade. In addition, office spaces now have more open floor plans and higher ceilings which is appealing to creative tenants.
Loan Size: $11,200,000
Loan Term: 15 years
Amortization: 20 years
Lender: Life Insurance Company
1900 Main Office Building, Irvine, California
The subject property is a Class A, eight story office building constructed in 1999. It contains a total of 172,249 RSF. An adjacent, four-level concrete parking structure provides 425 stalls, which in combination with 166 surface parking spaces, provides a 3.43:1,000 parking ratio. The building is located just off the San Diego freeway, near the John Wayne airport in a master-planned business complex known as the Irvine Concourse.
Loan Size: $25,000,000
Loan Term: 10 year fixed
Amortization: 30 years
Lender: Life Insurance Company
Hawthorne Marketplace, Portland, Oregon
The subject property is a retail shopping center at the northeast corner of SE Hawthorne and SE 41st Avenue. The attractive, multi-tenant property consists of 11,387 RSF. The Marketplace experienced major renovation in 2008 and is currently 100% leased. The tenant roster includes Key Bank, H&R Block, Papa Murphy's and Pita Pit
Loan Size: $3,200,000
Loan Term: 10 year fixed
Amortization: 30 years
Lender: CMBS
Stout Street Garage, Denver, Colorado
The Stout Street Garage is located within the heart of downtown Denver's Central Business District, one block from Denver's 16th Street Transit Mall and close to many of Denver's largest office buildings and hotels. The 93,750 SF parking garage provides both monthly reserved and dailyl parking.
Loan Size: $3,700,000
Loan Term: 10 year fixed
Amortization: 25 years
Lender: Life Insurance Company
Bethany Village Centre, Portland, Oregon
We are pleased to announce the recent financing of Bethany Village Centre, located in Portland, Oregon. The grocery-anchored shopping center contains 126,872 SF and was constructed in 1998. The attractive property was designed to complement the adjacent residential neighborhood. A QFC (Kroger) grocery store anchors the southern portion, and a Walgreens anchors the northern area.
Loan Size: $21,000,000
Loan Term: 12 year fixed
Amortization: 30 years
Lender: Life Insurance Company
Santa Rosa Southside Shopping Ctr., Santa Rosa, CA
The Santa Rosa Southside is located at the corner of Yolanda and Santa Rosa Avenues. Anchored by REI, Inc. CostPlus and ToysRUs, the 120,080 SF center is very well located and a destination-type asset. The owner developed the Center in 1983 and has enjoyed very high historical occupancy.
Loan Size: $11,400,000
Loan Term: 10 year fixed
Amortization: 30 years
Lender: CMBS
Huntair Properties, Tualatin, Oregon
The property is a 314,624 square foot industrial property well located in Tualatin, Oregon. The facility will be the new headquarters for Huntair, Inc. Improvements consist of six buildings situated on a total of 21.08 acres.
Loan Size: $13,275,000
Loan Term: 5 years
Amortization: 30 years
Lender: Bank
501-520 Third Street, Oakland, CA
The property is comprised of two office buildings of 53,434 sf, as well as two surface parking lots in Oakland, CA. The buildings were previously renovated for office use and enjoy exposed brick and timber on the interior. Occupancy has historically been very good.
Loan Size: $6,350,000
Loan Term: 10 years fixed
Amortization: 20 years
Lender: Life Company
Fifth & Taylor Parking Garage, Portland, OR
The Fifth & Taylor Parking Garage is located at the southwest corner of Fifth Avenue and Taylor Street in downtown Portland. It includes ground floor and basement retail spaces plus 684 parking spaces located on Floors 2 through 10.
Loan Size: $12,000,000
Loan Term: 10 years fixed
Amortization: 25 years
Lender: Life Insurance Company
Aventerra Apartments, Berkely, CA
Aventerra Apartments is a four-story building constructed in 2008 and located in Berkeley, CA. The property consists of 34 units with ground floor, corner retail space of 1,250 sf. The project is situated on a 16,890 sf site and located in a vibrant area with a mix of retail, industrial and residential uses.
Loan Size: $4,500,000
Loan Term: 5 years fixed
Amortization: 25 years
Lender: Life Company
2201 Broadway is a 187,094 sf, nine-story, multi-tenant office building located in the Uptown/Lake Merritt District. This historic art deco building had significant vacancy when acquired in 2007. The current owner did an excellent job with renovation and lease up in a challenging market, culminating with this loan closing.
Loan Size: $20,000,000
Loan Term: 10 years
Amortization: 30 years
Lender: CMBS
Emerson Apartments, Portland, OR
Emerson Apartments is a 26-unit, historical building
located in North Portland. The multi-family property
was renovated in 2008-2009.
Loan Size: $1,700,000
Loan Term: 9 Years
Amortization: 30 Years
Lender: Life Insurance Company
Harrison Building, Portland, OR
The Melvin Mark Capital Group is proud to announce another new commercial real estate loan closing. The Harrison Building is a 18,827 square foot commercial building located in the Central Business District of Portland, Oregon. The building received a LEED Platinum certification in 2009.
Loan Size: $2,500,000
Loan Term: 10 Years
Amortization: 25 Years
Lender: Life Insurance Company
The Village Center at Dulles, Herndon, VA
The Village Center at Dulles is a multi-tenant retail center
totaling 308,146 sf. Our team is pleased to be have been able to secure favorable financing on behalf of our client.
Loan Size: $45,000,000
Loan Term: 10 Years
Amortization: 30 Years
Lender: Life Insurance Company