|
The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Mosaic Real Estate Investors Closes $460MM Construction Loan BPM Real Estate Group
|
Lenders/Participants
|
Mosaic Real Estate Investors [Lender]
|
|
Structure
|
Senior Construction Finance Facility
|
|
Amount
|
$460.000
Million
|
|
Borrower(s)
|
BPM Real Estate Group
|
|
Description
|
An affiliate of Mosaic Real Estate Investors has provided BPM Real Estate Group with $460 million in senior construction financing for a one-million-square-foot, mixed-use development in downtown Portland, OR. The 35-story Block 216, which will encompass a full city block in the heart of downtown Portland’s Central Business District, incorporates a mix of uses including 160,000 square feet of Class A office space, a 251-key Ritz Carlton Hotel (the first five-star hotel in Portland), 138 Ritz Carlton-branded residences and 7,800 square feet of ground level retail which will open up to a pedestrian “festival street..” With financing in place, Portland-based BPM, led by its founder Walter Bowen, will formally break ground this summer..Additional transaction details not disclosed.
|
|
Industry
|
Real Estate
|
|
Location
|
OR
|
ABL Advisor
Deal Tables
2025
|
|
|
|