The building was constructed in 2010 at 18300 NE Portal Way to replace Morgan's previous facility in Oregon City, Harding said, and is very modern with a 32-foot clear height. The fixed-rate, fully-amortizing, 17-year non-recourse loan was provided by State Farm.
NBS Financial has an exclusive relationship with State Farm, and has closed over $130 million in loans with the life insurance company in the past five years.
Morgan Distributing is a 53-year old local, family-owned company. It has long been the Portland area's distributor of Anheuser Busch products, as well as many Oregon craft breweries and other alcoholic and non-alcoholic beverage brands.