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
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