Updated Oct 6, 2026
Fields Holdings Secures $94.8 Million Construction Loan For Student Housing At Oregon State University
516 Southwest 4th Street
$94,800,000
Units
667
Asset Type
Student Housing
Closing
Oct 5, 2026
About this deal
AI
The property asset involved in the transaction is Zev Corvallis, a 13-story, 262-unit student housing project located at 516 Southwest 4th Street in Corvallis, OR. The development is designed to accommodate a total of 667 beds and will feature 4,500 square feet of retail space. It is currently under construction, with completion anticipated in fall 2028.
Summary of transaction details:
- Property Type: Student Housing
- Transaction Amount: $94,800,000
- Lender: Affinius Capital
- Landlord: Fields Holdings
- Lender's Representative: Tyler Figley - Affinius Capital
- Loan Type: Construction
The key individuals involved in this transaction include Affinius Capital as the lender providing construction financing, with Tyler Figley representing the lender. Fields Holdings is the landlord behind the project, facilitating the development of this significant student housing project aimed at supporting the student community at Oregon State University.
On the Map
$94,800,000
Student Housing
View full map
Players
Corvallis Student Housing Market Snapshot
Boundary boundary · Student Housing · Loan transactions
Loading comparables…
Deal FAQ
Visit Tyler Figley to view all their deals.
Browse Corvallis student housing loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93