Pendleton, OR Build-to-Rent Multifamily
Broadmark Realty Capital (BRMK) provides private capital to prominent Portland, OR developer for $30.42M for the vertical construction of 204 unit apartment complex in Pendleton, OR.
Sitting on 9.25 acres, this development will consist of 18 three-story buildings that will include a mix of studio, one-bedroom, two-bedroom, and three-bedroom apartments with an average square footage of 871 sq ft. In addition to the residential units, the complex will offer amenities such as a clubhouse, swimming pool, game room, exercise facility, and a sports court, 400 surface parking spaces – amenities never seen in this market before.
This complex is located 7 minutes from downtown Pendleton and 8 minutes from St. Anthony hospital, the only hospital in Pendleton. The project is located on a major arterial through the center of Pendleton (population 17,000) with easy access to I-84, only 1.5 miles up the road. Pendleton is the second-largest city in Umatilla County and is located near the border of Oregon and Washington, only 45 minutes from Walla Walla.
Contact Doug Swafford today to get started on your next multi-family construction project.
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