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375 Marche Chase Drive

JLL Arranges $80.5M Refinance For Chase Village Multifamily In Eugene
FINANCEDMultiFamily

JLL Arranges $80.5M Refinance For Chase Village Multifamily In Eugene

375 Marche Chase Drive

$80,500,000

Building Size

Asset Type

MultiFamily

Closing

Mar 11, 2024

AI

The multifamily property at 375 Marche Chase Drive in Eugene, CO, known as Chase Village, has undergone a significant refinancing deal. The loan amount for this transaction was $80,500,000, facilitated by JLL Real Estate Capital. The property consists of 536 units and is under the ownership of Horizon Realty Advisors.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $80,500,000
  • Units: 536
  • Market: Eugene, CO
  • Lender: JLL Real Estate Capital
  • Landlord: Horizon Realty Advisors
  • Brokers: Jake Davidson & Jake Wisness - JLL
  • Loan Type: Refinance
  • Loan Terms: Five-year loan

JLL Capital Markets played a key role in facilitating the refinancing deal for Chase Village in Eugene, Oregon. The loan, which amounted to $80.5 million, was secured on a five-year term on behalf of the borrower, Horizon Realty Advisors. The brokers from JLL, namely Jake Davidson and Jake Wisness, were instrumental in representing the parties involved in this significant transaction.

Players

Jake Davidson

JLL

Broker

$219.2M

vol

4 deals

Broker
JLL
JLLLender

Eugene MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.20%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93