NorthMarq Capital’s Dallas office arranges $9.8 million refinance of student housing property at the University of Oregon
Student Housing
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.”
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
