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KeyBank Arranges $50M Acquisition Financing for 264-Unit Apartment Complex in Oregon

The-Grove-at-Orenco-Station-Hillsboro-OR

The Grove at Orenco Station in Hillsboro, Ore., features 264 apartments spread across 12 three-story buildings.

HILLSBORO, ORE. — KeyBank Real Estate Capital has secured $50 million in Fannie Mae financing for San Francisco-based Jackson Square Properties for the acquisition of The Grove at Orenco Station, a 264-unit multifamily property located 6710 NE Vinings Way in Hillsboro.

Built in 1998 and renovated in 2014, the apartment complex comprises 12 three-story apartment buildings, a single-story clubhouse and a leasing office building. The property recently underwent a $3.2 million renovation that started in 2015 and was completed in 2018.

Paul Angle of KeyBank Real Estate Capital’s Commercial Mortgage Group arranged the financing for the acquisition.

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