NorthMarq Arranges $9.8M Refinancing of Student Housing Property near the University of Oregon
EUGENE, ORE. — Stephen Whitehead of NorthMarq Capital has arranged a $9.8 million refinancing of K14 Campus Flats, a 145-bed student housing property located near the University of Oregon.
The development is located at 1414 Kincaid St. in Eugene. The transaction was structured with a 10-year term with two years interest-only payments, followed by a 30-year amortization schedule.
NorthMarq arranged financing for the borrower through its Fannie Mae DUS program.