Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PORTLAND, OR-HFF has secured $21.4 million in construction/permanent financing for Cathedral Apartments, a planned, 165-unit multi-housing development in North Portland.HFF worked on behalf of the borrower, St. Johns Ivanhoe LLC, in arranging the 42-year, 4.76%, fixed-rate loan through Greystone, the leading FHA multifamily lender in the country.It is anticipated that the apartments will be LEED Platinum certified. If the apartments successfully obtain LEED certification, this will be the first LEED Platinum Certified construction project HUD has completed in the nation.

The property is located at 8680 North Ivanhoe Street, close to the St. Johns Bridge and the Willamette River in North Portland. Due for completion in late 2014, the apartments will consist of a four-story building with studio, one-bedroom and two-bedroom residences.  The current plans also include live-work spaces.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.