Raising Rents
Commercial Loan Refinance with Cash-Out
By Terry Painter/Mortgage Banker
Apartment Boom in Portland, Oregon
A new residential development is growing in the Lloyd District in Northeast Portland, Oregon. By summer 2015, the area should see a complete transformation with the addition of the planned 660-unit development, which will range from tiny studios to penthouses and consist of nearly 60,000 square feet of retail space. To be called Hassalo on Eighth, the three-building development will be the first of four planned construction phases intended to completely redefine and bring new life to the area. To some this appears a positive indication of forward progress.
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