Walker & Dunlop, Inc. has arranged $128.23 million in refinancing for a four-property, 986-unit multifamily portfolio in Eugene, Oregon.
Walker & Dunlop Capital Markets Real Estate Finance arranged the transaction on behalf of an experienced local client. Led by Steven Natale, the refinancing included four multifamily communities located throughout Eugene. Utilizing Fannie Mae’s Streamline Early Rate Lock program, the four loans were rate locked only 25 days after receipt of a signed application.
“We continue to see strong demand for well-located multifamily communities that offer a compelling combination of affordability, operational stability, and long-term market fundamentals,” said Natale, managing director of Capital Markets Real Estate Finance at Walker & Dunlop. “This portfolio benefits from strong occupancy, attainable rent levels, and favorable supply dynamics within one of the Pacific Northwest’s most stable multifamily markets.”
The portfolio includes the 280-unit River Terrace property, the 254-unit Parkside complex, the 252-unit The Bailey at Amazon Creek community, and the 200-unit Crescent Park multifamily asset.
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