The Portland office of CBRE Capital Markets recently announced the arrangement of a $155 million refinancing for nine multifamily properties on behalf of Vancouver-based Holland Partners Group and INVESCO. The borrower utilized a seven-year fixed-rate term with two years of interest-only followed by a 30-year amortization to finance these properties.
The portfolio is comprised of 2,184 apartment units, all of which are located in the Seattle area. The properties were built between 1983 and 1996 and acquired by the borrower between 2004 and 2005.
