Thursday, August 2, 2018

Sold! 80 Units in Gresham, Oregon

Grant View Court (1965) offers a combination of one-story garden flats and traditional two-story apartment flats. The property has been updated with new windows, paint, signage and seal coat. A number of apartments also have new flooring, counter tops, and cabinet faces.

The sale of this property was challenging due to the existing financing that had to be assumed. The loan resulted in an LTV of 63% and did not allow for secondary financing. Through HFO’s strong marketing efforts, the sale was arranged with a 1031 exchange buyer and was a win for all parties involved.

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