Tuesday, June 21, 2016

Sold! 46-Unit Mixed-Use Building in Portland's Kenton Neighborhood

HFO is pleased to announce the sale of the Kentwood Apartments, a mixed-use asset in the Kenton neighborhood of North Portland.

Built in 1910 as a hotel, the Kentwood Apartments includes some SROs and two commercial spaces. The unreinforced masonry property was renovated prior to sale including a new exterior envelope and updates to most interiors.

HFO was selected by the seller for its ability to locate a buyer familiar with the challenges of unreinforced masonry buildings with a borrowing relationship sufficient to overcome lender objections to this product type.