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| Recent Transactions
Here are examples of loans recently originated by INTERVEST-Mortgage Investment Company. In addition to brief property information, we have included loan terms or conditions that may be similar to a situation you may have. Our lenders can address virtually any financing need or unusual conditions that require customized loan structuring, all with competitive interest rates and terms.
Should you have any questions, please CONTACT US.
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PERMANENT FINANCING
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Oxford Suites Hotel - Portland, OR
$6,350,000
Lender: INTERVEST. Refinance of a 200-room hotel located in Portland. Upon the borrower's request, the loan features a 10-year term and 15-year amortization with flexible prepayment. |
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Cascade Design Center - Bend, OR
$2,800,000
Lender: Bank. Permanent financing for a showroom / office / warehouse property located in the east business district. The subject is tenanted by the borrower's commercial and residential interior design company. |
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Timber Creek Apartments- Wilsonville, OR
$3,250,000
Lender: Bank. Permanent financing on an 80-unit apartment complex. Lender provided a 5-year fixed rate, 30-yr amortization with the minimum 1.15:1 debt service coverage. |
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CONSTRUCTION FINANCING
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Cascade View Apartments - Woodburn, OR
$14,650,000
Lender: INTERVEST. Construction loan on a 200-unit apartment complex. INTERVEST also provided the land acquisition loan in early 2007. The loan term was 24 months and the loan-to-cost ratio was approximately 90%. |
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Wilco Farmers Retail Center - Canby, OR
$5,960,000
Lender: INTERVEST. Construction with standby permanent financing for a proposed 42,000 square foot anchored retail center. The subject was 83% preleased (35,000 square feet) to Wilco Farmers, a co-op agricultural retailer and distributor. |
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Garden Way Senior Housing - Eugene, OR
$16,200,000
Lender: INTERVEST. Construction financing on a 120-unit independent living facility. The loan is 50% participated with a life company lender. |
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Millikan Pointe Office Park - Beaverton, OR
$9,600,000
Lender: INTERVEST. Construction financing of an office park with units as separate for-sale parcels. This is the first phase; phase two retail buildings also financed by INTERVEST. |
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ACQUISITION FINANCING
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Meadows Apartments - Bend, OR
$9,620,000
Lender: INTERVEST. Acquisition and renovation financing of a 168-unit apartment complex. The loan features a 5-year term with an interest-only component followed by 30-year amortization. |
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Westfal Apartments - Portland, OR
$4,650,000
Lender: INTERVEST. Acquisition and renovation financing for a 34,592 square foot multifamily / retail mixed use complex located in Portland's Central Business District. |
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Salem Industrial Building - Salem, OR
$1,200,000
Lender: INTERVEST. Acquisition financing on a 49,401 square foot industrial building. This loan includes a 25-year amortization with no prepayment penalty. |
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LOAN PLACEMENT
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Berryhill Retail - Oregon City, OR
$5,750,000
Lender: Life Insurance Company. Permanent financing of an unanchored retail building containing approximately 42,129 square feet. The loan features a 10-year term and 25-year amortization. |
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Millersburg Industrial Complex - Millersburg, OR
$3,000,000
Lender: Life Insurance Company. Permanent financing on an 87,200 square foot multi-tenant industrial property. The property features metal buildings and ground lease agreements. The loan features a 10-year term and 20-year amortization. |
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Courtyard by Marriott - Portland, OR
$9,600,000
Lender: Conduit. Permanent loan on a 132-room flagged hotel located on the Columbia River. This loan features a 10-year fixed rate term and 25-year amortization. |
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