Clay & Tiffany

The Property:

This historic 62-unit, two-building complex near Portland State University sold with an in-place cap rate that appealed to buyers Portland-based Ethos Development and San Francisco-based Lombard Equities Group.

Opportunities and Challenges:

The property’s prime location and recent upgrades, including seismic and systems improvements, made it an attractive investment.

Results:

The deal was closed with a seven-year fixed-rate loan, reflecting strategic financial planning by the buyers to maximize returns amidst market volatility. HFO brokers Jack Stephens and Lee Fehrenbacher represented the buyer and seller in the transaction.