Rembold Properties: Pensam Provides $52M Refi for Lease-Up of Beaverton MF

A joint venture between Encore Capital Management and Rembold Properties received $52 million from Pensam to refinance Rise Central, a brand new 230-unit apartment community in Beaverton. The property was refinanced with a floating-rate loan for a three-year term with extension options. The financing will be used to lease-up the property. Pensam's Ray Cleeman says, ...The post Pensam Provides $52M Refi for Lease-Up of Beaverton MF appeared first on Connect Media.