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NOTA is a 30-unit apartment community built in Portland, Oregon in 2020. The property features one- and two-bedroom apartments with in-unit washers and dryers and a shared courtyard area. NOTA is located on NE Glisan Street, one of the main arterials through Portland, giving tenants convenient access around the metro area, and the property is minutes from Interstate 84.
Providence Portland Medical Center and a Fred Meyer grocery store are just blocks away, and the surrounding area is filled with local coffee shops, taverns, and breweries in easy walking distance.
Assumable Loan Information
- Lender: Luther Burbank Savings
- Loan Date: 5/17/2021
- Balance: $4,950,000
- Interest Rate: 3.4 percent fixed until June 2026. Interest only until May 2024.
- Term: 30 years; no prepayment penalty