August 15, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured financing for Broadway Place, a 170-unit multi-housing community situated near the University of Oregon in downtown Eugene.
HFF worked exclusively on behalf of Virtú Investments to secure a fixed-rate acquisition loan through Freddie Mac’s (Federal Home Loan Mortgage Corporation) CME Program. The securitized loan will be serviced by HFF through its Freddie Mac Program Plus® Seller/Servicer program.
In addition to its location less than a mile from the University of Oregon, Broadway Place is ideally positioned along West Broadway within walking distance to more than 1.5 million square feet of retail and multiple public transit options. The community encompasses studio, one- and two-bedroom units averaging 715 square feet each and has approximately 13,000 square feet of ground-floor retail. The eight-building property has amenities, including community courtyards, elevator access, urban terrace gardens, bike storage and access to secure underground garage parking.
HFF’s debt placement team was led by senior managing director Mona Carlton and associate director Erica Christensen.
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