The Bluebird

Overview

Size $7.9 Million
Construction Loan & Permanent Financing

Summary

KeyBank Community Development Lending & Investment provided $7.9 million in financing for the new construction of The Bluebird, a 29-unit affordable housing project in Portland, Oregon. This is Phase II of a two-part project with our sponsors, and Phase I closed in May 2021 with financing provided by KeyBank. All 29 units will serve families and individuals earning no more than 60% of the Area Median Income (AMI). The property will feature amenities for residents including a community room, picnic area, and a computer room. We want to thank Home First Development and Green Light Investments for their sponsorship and shared mission to build much-needed affordable housing in Portland.

The financing includes a $4.1 million construction loan and $3.8 million in permanent financing.

Recent Deals

July 2025

kodiak

a portfolio company of

courtsquare

divested

kodiak partner

to a

Private Investor Consortium

Exclusive Sell-Side Advisor

kodiak-interiors-group-llc
July 2025

beacon

acquired

ascension borgess

from

ascension

Financial Advisor

beacon-health
July 2025

radiology partners

a portfolio company of 

nea

and

whistler capital

$1.815 Billion

Senior Secured Credit Facilities

$900 Million

8.50% First Lien Secured Notes due 2032

Joint Lead Arranger
Joint Bookrunner

radiology-partners
June 2025

allied

$245 Million

Senior Secured Credit Facilities

Debt Advisor

allied

Connect With Us

Find an Expert