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Real Estate

Company Type

Real Estate Development


$20 Million

Investment Type



Romano Capital is seeking an equity partner to develop several multifamily and mixed-use properties as part of the Columbia Palisades Master Plan (Master Plan) in Vancouver, WA as well as in the immediate vicinity.

The Master Plan is a redevelopment of an old rock quarry and comprises 84 acres along the Columbia River, which separates Vancouver from Portland, OR

Romano is one of several developers that plan to build multifamily, condo and townhome properties, retail space, office space and some light industrial properties

One project has been completed – the Boulder Ridge luxury townhomes – and two multifamily projects are fully permitted – The Eleva and 120Up

Immediate need for $20 million of equity for the 120Up multifamily property – Eleva has raised most of the equity it requires


Both Vancouver, WA and Portland, OR have a significant housing supply shortage

City officials in Vancouver and vicinity have been addressing the housing issue through a series of master plans over the past 20 years, particularly along the 192nd Ave corridor, which runs parallel to the Columbia River

The latest developments along the 192nd Ave corridor are the Columbia Palisades Master Plan and the Riverview Gateway development, both of which present multiple development opportunities to Romano Capital, which has a strong and growing presence in the area

The company believes these plans are also spurring development in adjacent areas


Romano was founded in 2003 as a mortgage broker and has evolved over the past 20 years into a vertically integrated residential and commercial real estate developer and private money lender

25 completed real estate projects; five under construction; four in development

Currently funds projects and loans through nine equity and debt funds totaling $195 million

Ten equity funds have been liquidated, all with positive returns, and nine debt funds have been liquidated, all of which met the original terms of the fund notes

The Eleva will be Romano’s second project as part of the Master Plan (Boulder Ridge was the first) and third in the immediate vicinity – eight more are in the planning stages

120 Up is located outside of the Master Plan, but seeks to meet the same demand increase for multifamily development

120Up Apartments

120Up Apartments is a planned 4-story, 146-unit multifamily rental property in Vancouver, WA

Fully entitled – land-use, engineering, and building permit have all been approved

Building is an interior corridor, elevator served design

Amenities include storage, workout, and meeting facilities

Total cost of $40 million – 16-month expected construction and 9-12 months for stabilization

Development Plans


Kess Romano | President/Principal/CEO

  • Co-founded Romano Capital in 2003 as a mortgage broker and expanded into real estate funds and development in 2009
  • Over 20 years of experience in all aspects of residential real estate
  • Involved in every aspect of fund-raising and management and the development process from negotiation to close
  • Underwrites every transaction. Graduated from George Fox University with BA in economics

Korban Romano | Director of Operations/Principal

  • Joined Romano in 2011 and has helped drive the growth of the company, specifically working to expand the core lines of business in lending and real estate development
  • Oversees cash management, accounting, compliance and reporting, including 30 LLCs
  • Directly oversees the Romano Capital Mortgage Fund

Romano Capital

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Hi. We're not around right now. But you can send us an email and we'll get back to you, asap.

Thanks, Ken

Ken Margolis | Managing Partner Castle Placement, LLC
1460 Broadway Street, Rte 400
New York, New York 10036
(212) 418-1188 | C: (516) 712-7784