Lake View Village, a 91k sf, mixed-use project in downtown Lake Oswego, a suburb of the greater Portland MSA, was refinanced with a new permanent loan for $15.5 mil. The property, which contains office above retail, is located at State Street and A Avenue--a main & main location for the area.
Lake View Village consists of six village-style buildings ranging from one- to three-stories. Occupants include a roster of Lake Oswego’s top dining, retail, and professional service tenants. The property is still owned by its original developer, who has maintained its top position in the local community as a premier address for retail and office businesses.
Blake Hering and Alicia Sabanero with Gantry arranged the 10-year loan, which was provided by a life company lender. The loan features a 30-year amortization at an attractive fixed rate.
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