Ethos Commercial Advisors

LEASED | Office | Portland, Oregon Ethos Commercial Advisors has successfully leased another space at East Bank Lofts in Portland, Oregon. ?Brian Hanson, MREF, represented the landlord and Andie L. represented The CLEAR Clinic to secure a mutually beneficial lease at the building. East Bank Lofts is a 40,000-square-foot historic office building in the Close-In Eastside of Portland, Oregon.?East Bank Lofts offers exceptional accessibility, a modernized historic building, and a prime location surrounded by a variety of restaurants, retail shops, and essential services. The CLEAR Clinic is a nonprofit collective of legal workers who have the shared goal of providing free barrier-reducing legal services to Oregonians. They aim to tear down legal barriers that stop our community from enjoying each members’ full participation; to find legal, educational, and systemic solutions to racial, social, and economic injustice; and to work toward dismantling oppressive legal systems. #office #officelease #agencyleasing #workspace #amenities #leased #pdxcre #nonprofit #tenantrep #legalservices

LOAN CLOSED |?Timber Cove Development | Coos Bay, Oregon ? Ethos Commercial Advisors arranged the horizontal and vertical construction of Timber Cove, a 400-lot single family residential development in Coos Bay, Oregon. The 73 acre site will feature two phases: Phase 1 includes 110 finished lots with 40 vertical homes, and phase 2 includes 250 paper lots. Timber Cove is located in a rapidly developing area and will provide much-needed, middle-income housing in a region facing a housing shortage.? ? Matt Illias and Danny Natsch?were engaged by the client to facilitate the sourcing of the construction financing. The $20,956,000 loan was 62% of the cost for the first stage of development, and allowed the sponsor to tackle major upfront site work, and utility construction to prepare the entire site for vertical development. The capital source was a debt fund which provided a 24-month term and a 10% interest rate. ? Horizontal and vertical construction is one of the more riskier development types, and sourcing a loan of this magnitude in a market with 30,000 residents required Danny and Matt to use their expertise in construction financing and their lender relationships to take it across the finish line.? ? Congratulations to the developers, and we are truly excited to see this come to fruition!? ? If you are interested in hearing more about this transaction and/or debt and equity advisory, please do not hesitate to reach out! ? #SingleFamily #Development #PNWRealEstate #Construction

LEASED | Office | West Linn, Oregon Ethos Commercial Advisors has successfully leased space at the Summerlinn Center. ?Josh Bean, SIOR, worked directly with the new tenant to secure a mutually beneficial, long-term lease at the building.?? Summerlinn Center is a 65,935-square-foot Class A office building in West Linn, Oregon.?Summerlinn offers offering exceptional accessibility, modern professional amenities, and a prime location surrounded by a variety of restaurants, retail shops, and essential services. The ownership continues to invest in the building to maintain Summerlinn’s best-in-class position in the marketplace.?The recent upgrades include: - New high-quality carpet tile in all the common area corridors and conference room. -?New paint in all the common area corridors and conference room. -?Lighting upgrades to all common area corridors.?? -?New common area lobby furniture. -?Building fitness room coming Q2 2025! #office #officelease #agencyleasing #workspace #suburbanoffice #westlinn #amenities #sior #leased #pdxcre

LOAN CLOSED |?BioLogiQ Industrial | Idaho Falls, Idaho ? Ethos Commercial Advisors?arranged a permanent loan for the acquisition of two industrial buildings totaling 55,000 square feet in Idaho Falls, Idaho. The buildings are leased to a single tenant, BioLogiQ, a growing planet-friendly bioplastics company. Matt Illias and Danny Natsch?successfully sourced a 65% LTV / $4,200,000 loan through a pension fund. The loan provided a 30-year amortization, a step-down prepayment penalty, and a 10-year fixed rate term.? ? This opportunity was with a first-time client, and a first-time lender. Danny and Matt were confident in their abilities to navigate the process and deliver a solid loan to the buyers.? ? Congratulations to the buyers on their acquisition! ? If you are interested in hearing more about this transaction and/or debt and equity advisory, please do not hesitate to reach out! ? #IdahoCRE #Industrial #CREDebt #lifescience #manufacturing #greentech

LEASED | Tenant Representation | Portland, Oregon Ethos Commercial Advisors was privileged to represent a freight hauler for a new office lease at the Leftbank Building in Portland, Oregon. After researching the market, Josh Bean, SIOR and Brian Hanson negotiated favorable lease terms for their client, which included abated rent, better-than-market rental rate, and a tenant improvement package. Originally built in 1923, the Leftbank Building sits just north of the Moda Center in the Rose Quarter, the gateway to North Portland from Downtown. The Leftbank Building is owned and professionally managed by ScanlanKemperBard Companies. #tenantrepresentation #portlandcre #officeleasing #workspace #techspace #officespace #skb #creativeworkspace #leased

LEASED I Tenant Representation I Portland, Oregon?????????? Ethos Commercial Advisors assists Predictive Engineering in securing their new office in the in Portland, Oregon. ?Devin Kopas, Senior Managing Director, was able to successfully identify and negotiate favorable terms for a space that could accommodate Predictive Engineering’s unique power specifications to support their server infrastructure, and accommodate future growth. Predictive Engineering, a leader in advanced engineering consulting and simulation services. Their new office will provide the resources and space they need to expand their team and continue to deliver top-notch solutions for their clients. Developed by Solterra, the SolTerra Building is a unique project that integrates SolTerra’s decade of experience delivering sustainable systems with our passion for art and community. Please don’t hesitate to reach out if you have any questions about this transaction or are needing assistance tailoring your real estate solutions to your business goals. #tenantrep #tenantrepresentation #creativeworkspace #workspace #office #crepdx #occupier #occuperservices #cre #lease #officespace

LOAN CLOSED | Eastport Plaza | Portland, Oregon ? Ethos Commercial Advisors was engaged by a repeat client to source the acquisition financing of the iconic Eastport Plaza, a 275,518 square foot shopping center, in Portland, Oregon. Located in Portland’s Jade District, the property is anchored by Ross, LA Fitness, Dollar Tree, a Regal movie theater, and an assortment of national and local tenants. The property recently lost a few tenants resulting in 43,000 SF of vacancy; however, the buyers were successful in backfilling the former Joanne’s Fabrics with a national tenant to occupy 28,000 SF.? ? Matt Illias and Danny Natsch sourced a 5-year fixed rate 66% LTV loan with a life insurance company. The life insurance company allowed the sponsor to lock their interest rate in late September at a mid 5% rate and hold the terms for 90-days. Matt and Danny have worked with this life company for over a decade, as they deliver on their loan terms and get deals done.? ? Congratulations to the sponsors on a great acquisition! They are true stewards of the community with this purchase as it creates synergy to their purchase last year of the former adjacent Walmart.? ? Please reach out to Matt and Danny for any debt and equity related questions or assignments. ? #LifeCompanyLoans #RetailCRE #PortlandCRE #commercialrealestate

Ethos Commercial Advisors wishes happy and yours happy holidays. We look forward to working with you in 2025!

LOAN CLOSED | Everett Cove | Everett, Washington ? Ethos Commercial Advisors was recently engaged by a repeat client to refinance the existing debt on Everett Cove, a 67-unit, large townhouse format multifamily property located in Everett Washington. The property was acquired by the sponsors in 2021 as a fractured condo and underwent significant interior and exterior renovations. Ethos assisted with the sponsor with debt and joint venture equity on the initial purchase and we were honored to work with them again on the refinance. ? Danny Natsch and Matt Illias sourced a $13,000,000, non-recourse bridge loan with flexible prepayment to retire the existing debt. The sponsor opted to take an “in the money” rate cap which effectively gives them competitive fixed rate financing, while providing them the flexibility to refinance or sell the asset over the next three years. Given the Fed’s comments yesterday, this was a perfectly timed business decision, as forward curves continue to flatten. Congratulations to the sponsors on the successful execution of their value-add business plan and refinance.? ? Please reach out to Matt and Danny for any debt and equity related questions or assignments. ? #BridgeLoan #NonRecourse #CREdebt

LEASED I Tenant Representation I Tigard, Oregon Devin Kopas, Senior Managing Director at Ethos Commercial Advisors had the pleasure to assist our long time client, Oregon Restoration Co., with their recent expansion at PacTrust Business Center in Tigard, Oregon. Oregon Restoration Co. is a local owner-operated, non-franchised company in the Portland Metro Area since 2008. Serving both residential and commercial owners, their highly trained professionals specialize in water damage mitigation and restoration, mold removal, fire and smoke damage, reconstruction and repairs, and general commercial services. We’re proud to continue to support Ryan Gilyeat and the Oregon Restoration Co. team as they continue to grow their operations and service locations. Ethos Commercial Advisors is dedicated to helping our clients align their real estate decisions with their business goals and growth. If you’d like to learn more about this transaction or how we can support your firms commercial real estate needs, please don't hesitate to contact us. #commercialrestoration #tenantrepresentation #flexspace #flexoffice #commericallease #tenantrep #occupier #occupierservices #restorationservices #pdxcre #pactrust