JLL Capital Markets arranges $42M Fannie Mae refinancing for SB Real Estate Partners

ORANGE COUNTY, Calif., Aug. 10, 2026 –  JLL Capital Markets announced today that it has arranged $42 million in financing for Portola Bridge Creek, a 270-unit, garden-style apartment community in Vancouver, Washington.

JLL worked on behalf of the borrower, SB Real Estate Partners (SBREP), who has owned the property since 2022, to secure the five-year, fixed-rate loan through Fannie Mae. 

JLL also arranged a four-pack, $110M Freddie Mac refinance on behalf of SBREP in September of 2025, as the Irvine, CA-based company has looked to agency financing sources over the past two years to stabilize its portfolio. The 2025 transaction consisted of four separate loans with Freddie Mac, with all four loans structured on a five-year term at fixed-rate interest.

Built in 1989, Portola Bridge Creek offers one-, two- and three-bedroom floor plans ranging from 650 to 1,150 square feet. Property amenities include a community swimming pool with poolside BBQ stations, playground, dog parks, a fully automated Amazon package locker system and a 24-hour modern fitness center.

The property is located at 9211 NE 15th Ave., in the Hazel Dell North area of Vancouver, with access to Salmon Creek schools.  The property sits just nine miles north of Downtown Portland and only six miles north of the Vancouver Waterfront redevelopment.  Tenants enjoy access to various employment corridors extending southeast into the Camas / Fisher’s Landing campus, directly south through Downtown Vancouver and further south into Downtown Portland.

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.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom. 

Founded in 2017, SB Real Estate Partners is a multifamily investment firm committed to acquiring and asset managing value-add apartment projects throughout the United States. More information can be found at www.sbrep.com.

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of June 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.