$1.3M · Closed May 1, 2026
Closed: Bridge-to-Perm Execution on a Multi-Tenant Retail Property in Portland, Oregon
The Challenge
A conventional commercial loan fell apart late on a $2.4MM multi-tenant retail acquisition, putting the purchase at risk. The investor needed a lender that could underwrite both the existing collateral and the post-closing business plan, fast.
The Denali Solution
Denali stepped in with a private-capital rescue that closed in approximately 10 days at 12%, then gave the investor room to execute: lease optimization, stabilization, and value-add work. With the property 100% leased and appraised at $2.90MM, Denali refinanced it into a $1.32MM long-term takeout — 30-year fixed at 10.125%, 55% LTV first lien.
The Outcome
Conventional fallout became a success story: acquisition saved, value up $500K (+20.8%) with $191,595 of NOI at a 6.50% cap rate, and permanent fixed-rate financing in place.
Photos
