JLL Capital Markets arranges $80.5 million refinancing for the 536-unit Chase Village multi-housing community in Eugene, OR

Chase Village, a 536-unit, garden-style
 multi-housing community located
at 375 Marche Chase Drive 
in Eugene, OR

  

 SEATTLE, WA – JLL Capital Markets has arranged the $80.5 million refinancing of Chase Village, a 536-unit, garden-style multi-housing community located in Eugene, Oregon.

 

Jake Wisness

JLL worked on behalf of the borrower, Horizon Realty Advisors, to secure the five-year loan through Freddie Mac Multifamily. The loan will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo℠ lender.

 

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.

 

The JLL Capital Markets Debt Advisory team was led by Managing Director Jake Wisness and Associate Jake Davidson.

 

Jake Davidson

“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," said Wisness.

 "This loan will allow Horizon Realty Advisors to continue operating a community that has been a mainstay of Eugene for more than thirty years. JLL is extremely grateful to be a part of this transaction,”

 

For more news, videos and research resources, please visit JLL’s newsroom. 

 

CONTACT:

Jenna Sharp

JLL, Public Relations

 Capital Markets

Dallas, TX

M +1 214 394 3356

Jenna.Sharp@jll.com

 

 

jll.com.