Fairmount Apartments

Loan Amount

$11,200,000

Lender

Bank

Loan Type

Permanent Debt

The Fairmount Hotel was completed just in time for the 1905 Lewis and Clark Centennial Exposition. Added to the National Register of Historic Places in 2000; we love its historic character, turn-of-the-century architectural features, and exceptional location. Newly renovated in 2018, the buildings feature 80 residences: a mix of urban flats and one- and two-bedroom units. All units feature beautiful hardwood floors, tall ceilings, stainless steel appliances, handcrafted cabinets, ceiling fans, and classically designed tile bathrooms. Building features include shared laundry on each floor, library, WiFi in common areas, first floor lounge with fireplace, bike storage, secured access, two private courtyards, and a work/ study lounge. We are thrilled to preserve this vital piece of Portland history so it can provide housing and enjoyment to Portland residents for another century or longer.