JLL Arranges $42M Fannie Mae Refinancing for SB Real Estate Partners at Vancouver Multifamily Community
ORANGE COUNTY, Calif. — JLL has arranged $42 million in financing for Portola Bridge Creek, a 270-unit garden-style apartment community in Vancouver, Washington, the firm announced Aug. 10, 2026.
JLL worked on behalf of the borrower, SB Real Estate Partners, to secure the five-year, fixed-rate loan through Fannie Mae. SB Real Estate Partners has owned the property since 2022.
Deal Details and Financing Structure
The loan is structured on a five-year, fixed-rate term through Fannie Mae. The transaction is part of a broader capital strategy by SB Real Estate Partners, which has leaned on agency financing sources over the past two years to stabilize its portfolio.
The Portola Bridge Creek refinancing follows a $110 million Freddie Mac four-pack refinance that JLL arranged on behalf of SB Real Estate Partners in September 2025. That transaction consisted of four separate loans, each structured on a five-year term at a fixed rate.
The JLL Capital Markets Debt Advisory team representing the borrower was led by Executive Managing Director Charles Halladay, Senior Director Rick Salinas and Director Elijah Lax.
Property Overview: Portola Bridge Creek
Built in 1989, Portola Bridge Creek is located at 9211 NE 15th Ave. in the Hazel Dell North area of Vancouver, Washington. The property offers one-, two- and three-bedroom floor plans ranging from 650 to 1,150 square feet across its 270 units.
Community amenities include a swimming pool with poolside BBQ stations, a playground, dog parks, a fully automated Amazon package locker system and a 24-hour fitness center.
The property sits nine miles north of Downtown Portland and six miles north of the Vancouver Waterfront redevelopment. Residents have access to the Salmon Creek schools area and multiple employment corridors, including southeast into the Camas and Fisher's Landing campus, south through Downtown Vancouver and further south into Downtown Portland.
Borrower Background: SB Real Estate Partners
Founded in 2017, SB Real Estate Partners is a multifamily investment firm focused on acquiring and asset-managing value-add apartment projects across the United States. The Irvine, California-based company has used agency lenders and JLL as its capital markets arranger across multiple transactions over the past two years.
About JLL Capital Markets
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group offers investment sales and advisory, debt advisory, mergers and acquisitions, corporate finance, loan sales, equity and fund placement, net lease, derivative advisory and energy and infrastructure advisory services. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.
JLL (NYSE: JLL) reported annual revenue of $26.1 billion and operates in over 80 countries with a global workforce of more than 112,000 as of June 30, 2026.
Sources
JLL Newsroom: JLL arranged $42M in financing for Portola Bridge Creek