The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 28, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ETC... ETC...
Printer-friendly Version   Email an Associate
OR Multifamily Property Financed with $28 Mil Freddie Mac Loan

1/23/18

Horizon Realty Advisors has received $28.25 mil in financing for Forest Hills Apartments, a 248-unit multi-housing community in Eugene, OR. HFF arranged the loan through Freddie Mac’s CME Program.

Forest Hills Apartments is located on 12.53 acres at 3950 Goodpasture Loop, approximately four miles north of downtown Eugene. The property consists of 25 two- and three-story buildings housing a mix of studio, one-, two- and three-bedroom residential units featuring vaulted ceilings, spacious decks or patios, in-unit washers and dryers and direct-access private garages. Community amenities include a swimming pool and spa, grilling area, 24-hour fitness center, clubhouse, surround sound theater, playground and access to the nearby Valley River Village bike pathways.

HFF’s Scott Gilson and Charlie Watson arranged the 10-year, 3.96%, fixed-rate, interest-only loan. The securitized loan has qualified for Freddie Mac’s Green program, and will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans. Loan proceeds were used to refinance existing debt.

“This deal was very competitively quoted but, ultimately, the client decided to move forward with the Freddie Mac Green Up® proposal,” Gilson said. “We were able to negotiate waivers for the guarantors, insurance escrow, replacement reserve escrow and the non-consolidation opinion. With a combination of the green pricing waiver and excellent timing on an index lock, the client was able to secure a very low interest rate for a 10-year, interest only loan.”





Return to the Archive page


 
 


 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media