JLL Capital Markets announced that it has arranged the $80.5 million refinancing of Chase Village, a 536-unit, garden-style multi-housing community located in Eugene, Oregon.
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.
The JLL Capital Markets Debt Advisory team was led by Managing Director Jake Wisness and Associate 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. 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,” said Wisness.
JLL delivers multi-housing investors a full range of solutions through one diverse, integrated platform. The division employs approximately 400 professionals who provide comprehensive investment sales and disposition services with access to thousands of domestic and foreign investors. JLL is also one of the nation’s largest affordable and conventional multi-housing and seniors housing lenders with comprehensive loan underwriting, asset management and loan servicing capabilities. Agency/GSE lending and loan servicing are performed by JLL Real Estate Capital, LLC, a wholly owned indirect subsidiary of Jones Lang LaSalle Incorporated. Loans made or arranged in California are pursuant to a California Financing Law license.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
