JLL Facilitates Financing for Student Housing Near UO
JLL has arranged financing for K14 Campus Flats, a student housing property across the street from the University of Oregon in Eugene, Oregon. Working on behalf of the borrower, Waterway Family Funds, JLL placed the 10-year acquisition financing with Freddie Mac. The loan will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo lender.
The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Directors Patricia Heminger, Dan Kearns and Stephen VanLeer, Associate Rebecca Brielmaier, Senior Analyst Sam Tarter and Analyst Merrick Evans.
K14 Campus Flats is located at 1414 Kincaid Street and is near the student recreation center and campus core, as well as the main retail hub for bars and nightlife serving students in the area.
Completed in 2015, the Class A student housing community offers 45 fully leased units in two-, three- or four-bedroom layouts. K14 Campus Flats also offers a full amenity suite, which includes on-site bicycle storage, a community courtyard, a grilling station and a tenant lounge.
