NorthMarq Capital’s Dallas office arranges $9.8 million refinance of student housing property at the University of Oregon

Student Housing
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DALLAS (April 13, 2016) – Stephen Whitehead, senior vice president/senior director of NorthMarq Capital’s Dallas-based regional office, arranged the $9.8 million refinance of K14 Campus Flats, a 45-unit, 145-bed University of Oregon student housing property located at 1414 Kincaid Street in Eugene, Oregon. The transaction was structured with a 10-year term with two years interest-only, followed by a 30-year amortization schedule. NorthMarq Capital arranged financing for the borrower through its Fannie Mae DUS program. “This project was ideally located directly adjacent to campus and in the heart of Eugene’s entertainment area where the student’s love to hang out,” said Whitehead. “It has a superior location compared to all of the other student properties and would be very difficult to duplicate. Given the limited stabilized operating history, the NorthMarq Capital Fannie Mae team worked diligently to meet and exceed the borrower’s preferred terms.”

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.