Multi-family and Commercial Projects

A Partial List of Multi-family and Commercial Projects

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Cascadian Terrace

Cascadian Terrace, Portland, Oregon

Project: Cascadian Terrace, Portland, Oregon
Role: Broker for Buyer
Description: Preservation of 103 units, expiring Sec 8 housing, LIHTC rehab, occupied building.
Financing: $7,525,000, terms confidential
Rosewood Plaza

Rosewood Plaza, Gresham, Oregon

Project: Rosewood Plaza, Gresham, Oregon
Role: Development Consultant
Description: 26 rehabbed units and 19 new units of family housing, with 5,000 sf dental clinic.
Financing: $13.2 million: LIHTC equity, HOME, OHCS, conventional debt, capital campaign and donations.

Chaucer Court, Portland, Oregon

Project: Chaucer Court, Portland, Oregon
Role: Development Consultant
Description: Preservation of 84 units, expiring Sec 8 senior housing, mixed-use, historic rehab, occupied building.
Financing: $17.3 million: 9% LIHTC, Historic tax credits, OAHTC, PHB tax increment financing, weatherization, BETC, Energy Trust.
Apartment building

Villa West, McMinnville, Oregon

Project: Villa West, McMinnville, Oregon
Role: Development Consultant
Description: Preservation of 125 units expiring HUD projects, rehabilitation, new community centers, rental assistance.
Financing: $17.9 million, 4% LIHTC equity, TCAP, TE Bonds, OAHTC, BETC, OHCS HPF grant, HUD Residual Receipts.

 

Sunrise Estates

Sunrise Estates, The Dalles, Oregon

Project: Sunrise Estates, 74 Units, The Dalles, Oregon
Role: Development Consultant
Description: Preservation of 60 units expiring RD project plus new construction of 14 family units and new community center, rehabilitation, rental assistance.
Financing: $11.5 million, 9% LIHTC, OAHTC, RD 515, BETC.

 

YWCA Portland

YWCA, Portland, Oregon

Project: YWCA, Portland, Oregon
Role: Development Consultant
Description: Renovation of a mid-century 24-bed shelter with new kitchen, bathrooms, roof, HVAC, haz mat abatement.
Financing: $200K budget including OHCS Trust Fund, private donations and grants.

Parkside Village, Roseburg, Oregon

Project: Parkside Village, Roseburg, Oregon
Role: Development Consultant
Description: Preservation and major rehab of 36 units Sec 8 family housing, relocation of occupied property, new community center.
Financing: $6.65 million including Sec 1602 Exchange of 9% LIHTC, OAHTC loan, BETC, OHCS Trust Fund.

The Village, Monmouth, Oregon

Project: The Village, Monmouth, Oregon
Role: Development Consultant
Description: Preservation and rehab of 23 units senior Sec 8 housing, new community center.
Financing: $3.1 million including HOME grant, OHCS GHAP grant, HUD Residual Receipts.
Our House

Our House, Portland, Oregon

Project: Our House, Portland, Oregon
Role: Development Consultant
Description: Renovation and expansion of a mid-century residential facility providing permanent housing for people with HIV/AIDS
Financing: $3 million budget, with Federal and local HOPWA, Portland Development Commission, OHCS and private donations.
Station Place

Station Place, Portland, Oregon

Project: Station Place, Portland, Oregon
Role: Underwriter, Public Financing
Description: 176 units senior housing, 30-80% MFI*, Section 8 project-based rental assistance, new construction.
Financing: $26 million including 4% LIHTC*, tax exempt bonds, tax-increment public financing, real estate tax abatement, brown fields clean-up fund.
8 NW 8th

8 NW 8th, Portland Oregon

Project: 8 NW 8th, Portland, Oregon
Role: Underwriter, Public Financing
Description: 180 SRO* units plus medical clinic and common areas for drug and alcohol recovery housing, 0-50% MFI, Section 8 project based rental assistance, new construction.
Financing: $18 million including 9% LIHTC, private debt and tax increment public funding.
Orchards Plaza

Orchards Plaza, McMinnville, Oregon

Project: Orchards Plaza, McMinnville, Oregon
Role: Development Consultant
Description: 60 units senior housing, 0-60% MFI, Rental assistance, preservation.
Financing: $2.8 million, 9% LIHTC, Rural Development assumption, conventional bank loan and private equity.
Solhavn

Solhavn, Clatskanie, Oregon

Project: Solhavn Apartments, Clatskanie, Oregon
Role: Development Consultant
Description: 57 units family housing, 0-60% MFI, RD Rental assistance, preservation.
Financing: $3 million, 9% LIHTC, Rural Development assumption, conventional bank loan and private equity.

Willamalane & 4 more sites, Oregon

Project: Willamalane and 4 additional sites, Oregon
Role: Development Consultant
Description: 198 total units of scattered site HUD preservation, rehabilitation with rental assistance.
Financing: $15million, 4% LIHTC, tax exempt bonds, FHLB Affordable Housing grant, IRP Decoupling and private equity.

Parkland & Westgate, Longview, WA

Project: Parkland and Westgate Terrace, Longview, Washington
Role: Development Consultant
Description: 153 units of elderly/disabled housing, HUD preservation, rehabilitation with rental assistance.
Financing: $7.7 million, 4% LIHTC, STEP program tax exempt conduit bonds.

Maya Angelou, Portland, Oregon

Project: Maya Angelou, Portland, Oregon
Role: Development Consultant
Description: Portfolio transfer and restructure of 48 scattered sites, 151 units;single family, multifamily and mixed use.
Financing: Various senior lenders, Oregon Affordable Housing Tax Credits, and PDC restructure of $7.87 million of structured hard and soft debt.
The Fleming

The Fleming, Seattle, Washington

Project: The Fleming, Seattle, Washington
Role: Non-Profit Development Manager
Description: Moderate rehab, 36 occupied units of very low income housing.
Financing: $3.5 million acquisition/rehab LIHTC credits, tax exempt bonds, transferable development rights.

The Villa Apartments, Seattle, Washington

Project: The Villa Apartments, Seattle, Washington
Role: Non-Profit Development Co-Manager
Description: Redevelopment of decrepit SRO into 62 standard units, 15,000 sf commercial, relocation, public park restoration.
Financing: $7.8 million with acq./rehab LIHTC, tax exempt bonds, HOPWA, state, city and utility funds.

The Seneca, Seattle, Washington

Project: The Seneca, Seattle, Washington
Role: Non-profit Development Manager
Description: New in-fill development, 32 units senior housing and parking.
Financing: $4.2 million with LIHTC, tax exempt public issuance, city, State Convention Center replacement housing funds

Boylston Howell, Seattle, Washington

Project: Boylston Howell, Seattle, Washington
Role: Non-profit Development Manager, and construction management.
Description: 32 units family housing, 30-60% MFI, new construction.
Financing: $4million city, state public funding, private debt and equity.