Dwight Mortgage Trust Lends $44M on Oregon City Apartments


Pacific Northwest developer Pahlisch Commercial has sealed a $44 million debt package to refinance a newly constructed multifamily asset in Oregon, Commercial Observer has learned.

Dwight Mortgage Trust (DMT), the affiliate real estate investment trust of Dwight Capital, supplied the bridge loan on Pahlisch’s 180-unit Timberview Apartments and Townhomes complex in Oregon City, Ore. Proceeds from the loan will retire existing construction debt on the property, which features 11 buildings. 

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McBride Capital’s Ken McBride and Matt McBride arranged the transaction.

Located at 15150 Gifford Lane near Oregon City Golf Club, the property includes a community clubhouse, lounge and fireplace on 9.6 acres. Other property amenities include a fitness center, bike lounge, dog wash and pool with a sundeck. 

Officials at Pahlisch Commercial and Dwight did not immediately return requests for comment.

Andrew Coen can be reached at acoen@commercialobserver.com