RED MORTGAGE CAPITAL PROVIDES $10.6 MILLION LOAN FOR MULTIFAMILY PROPERTY

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BEAVERTON, ORE. — Red Mortgage Capital Inc., the mortgage-banking arm of RED CAPITAL GROUP, has provided $10.64 million in Fannie Mae DUS, fixed-rate financing to Portland, Ore.-based The Randall Group Inc. for Elmonica Court Apartments, which is located at 1248 SW Kiley Way in Beaverton. Built in 1997, the community consists of 12 three-story apartment buildings offering a total of 144 one-, two- and three-bedroom units. Unit amenities include full-size washers/dryers, large closets and a patio/balcony with extra storage space. Community amenities include a swimming pool and a garden with sitting areas.

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