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JLL Secures Financing for Woodland Flats Conversion Project
SEATTLE, Washington— JLL Capital Markets announced it has secured a $15.9 million financing for Woodland Flats, a 120-unit hotel-to-multifamily conversion project in Gresham, Oregon. JLL worked on behalf of the borrower, PH Development LLC, in arranging the two-year, bridge loan through AGP Capital. Woodland Flats is 25 minutes east of downtown Portland. The property will offer access to public transit, employers, and nearby retail amenities. The project includes the conversion of an existing hotel into 120 apartment […] The post JLL Secures Financing for Woodland Flats Conversion Project appeared first on LODGING Magazine.
SEATTLE, Washington— JLL Capital Markets announced it has secured a $15.9 million financing for Woodland Flats, a 120-unit hotel-to-multifamily conversion project in Gresham, Oregon. JLL worked on behalf of the borrower, PH Development LLC, in arranging the two-year, bridge loan through AGP Capital. Woodland Flats is 25 minutes east of downtown Portland. The property will offer access to public transit, employers, and nearby retail amenities. The project includes the conversion of an existing hotel into 120 apartment […]
The post JLL Secures Financing for Woodland Flats Conversion Project appeared first on LODGING Magazine.
