Rembold Properties: Portland developer nabs $37M to develop senior living in Beaverton

Portland real estate developer Rembold Properties has landed the financing it needs for a 147-unit senior living community in Beaverton. NGKF Capital Markets has arranged and structured $37.2 million in construction financing and preferred equity for The Ackerly at Timberland, a project currently under development. BBVA Compass provided a $27.5 million construction loan and an institutional investor provided $10 million of preferred equity, the proceeds of which Rembold will use to develop The...