JLL has arranged financing for K14 Campus Flats, a student housing property across the street from the University of Oregon in Eugene, Oregon.
Working on behalf of the borrower, Waterway Family Funds, JLL placed the 10-year acquisition financing with Freddie Mac. The loan will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo lender.
The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Directors Patricia Heminger, Dan Kearns and Stephen VanLeer, Associate Rebecca Brielmaier, Senior Analyst Sam Tarter and Analyst Merrick Evans.
Completed in 2015, K14 Campus Flats is a Class A student housing community offers 45 fully leased units in two-, three- or four-bedroom layouts. K14 Campus Flats also offers a full amenity suite, which includes on-site bicycle storage, a community courtyard, a grilling station and a tenant lounge.
JLL is a leading professional services firm that specializes in real estate and investment management. Their vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, they will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of more than 93,000 as of September 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.
