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PH Development Receives $15.9M Loan for Hotel-to-Multifamily Conversion Project in Gresham, Oregon

Summary by REBusinessOnline
GRESHAM, ORE. — PH Development has obtained $15.9 million in financing for Woodland Flats, a hotel-to-multifamily conversion project in Gresham. Tom Wilson, Steve Petrie and Jake Davidson of JLL Capital Markets Debt Advisory secured the two-year bridge loan through AGP Capital for the borrower. PH Development plans to convert an existing hotel, located at 2752 NE Hogan Drive, into Woodland Flats, a 120-unit multifamily property with 6,400 square…
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REBusinessOnlineREBusinessOnline

PH Development Receives $15.9M Loan for Hotel-to-Multifamily Conversion Project in Gresham, Oregon

GRESHAM, ORE. — PH Development has obtained $15.9 million in financing for Woodland Flats, a hotel-to-multifamily conversion project in Gresham. Tom Wilson, Steve Petrie and Jake Davidson of JLL Capital Markets Debt Advisory secured the two-year bridge loan through AGP Capital for the borrower. PH Development plans to convert an existing hotel, located at 2752 NE Hogan Drive, into Woodland Flats, a 120-unit multifamily property with 6,400 square…

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The RegistryThe Registry

PH Development Secures $15.9MM in Financing for Hotel-to-Multifamily Conversion in Gresham, Ore. - The Registry

JLL Capital Markets arranges loan for Woodland Flats apartment community with retail space SEATTLE, Feb. 26, 2025 –  JLL Capital Markets announced today that 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, located at 2752 NE Hogan…

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The Registry broke the news in on Thursday, February 27, 2025.
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