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April 24, 2024
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Oregon Multifamily Community Refinanced with New $80 Mil Freddie Mac Loan

3/12/24

Horizon Realty Advisors has obtained an $80.5 mil refinancing of Chase Village, a 536-unit, garden-style multi-housing community located in Eugene, OR.

Built in 1990, Chase Village features one-, two- and three-bedroom units with full kitchens, in-unit laundry, wood plank flooring, walk-in closets and some of the largest bedrooms in Eugene. Community amenities include a swimming pool, basketball court, an updated fitness center, outdoor lounge spaces, a basketball court, a grilling area and a car wash area.

Located at 375 Marche Chase Dr, the property sits in Lane County, and residents benefit from outstanding schools and abundant employment opportunities. Both the University of Oregon and Peace Health Corp are within proximity of the community.

Jake Wisness and Jake Davidson with JLL Capital Market arranged the five-year loan through Freddie Mac Multifamily. The loan will be serviced by JLL Real Estate Capital LLC, a Freddie Mac Optigo℠ lender.

“In today’s capital markets environment, Freddie Mac continues to offer accretive financing with flexible interest rate buydown options that give borrowers competitive pricing relative to other capital sources. This loan will allow Horizon Realty Advisors to continue operating a community that has been a mainstay of Eugene for more than thirty years,” said Wisness.




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