Palladius Capital Management and Marquee Funding Group JV provide construction financing for hotel in Oregon

Palladius Capital Management announced that, in joint-venture partnership with Marquee Funding Group, it has originated a $11.5 million loan to finance the construction of Cambria Hotel Hillsboro, a four-story, 115-key asset located at 5523 N.E. Huffman St. in Hillsboro, Ore. The fixed-rate loan carries a term of 24 months and is provided to sponsors Evergreen Hospitality Development, a Washington-based hotel developer and manager, and Fine Hotel Group, an Orange County, California-based hotel management company.

“We are excited to provide this financing to two high quality sponsors who understand the local market exceptionally well and have a sound business plan to own and operate a high performing hotel supported by multiple demand generators,” said Afshin Kateb, CFO and head of hospitality investments at Palladius Capital Management. “This transaction illustrates that during these volatile capital markets times, while most regional banks have materially reduced their