18-pad food-cart pod anchored by a two-story 9,801 SF taproom and dining hall

Ground-up development of an eighteen-pad food-cart pod anchored by a two-story, 9,801-square-foot pre-engineered metal taproom and dining hall in the eastern Portland metropolitan market. The study underwrote the asset as a specialty hospitality property whose income depends on cart-pad rents, taproom sales, and shared common-area throughput, concluding an indicated value of approximately $6.92 million against total project cost of $6,333,516 — a loan-to-value near 57 percent at the evaluated loan amount.