Deutsche Bank Berkshire Mortgage Arranges $14.3M for Student Housing
- Apr 29, 2010
Eugene, Ore.–Deutsche Bank Berkshire Mortgage (DBBM) recently provided a $14.3 million Freddie Mac loan for the refinancing of Capri at University of Oregon Apartments, a 100 percent dedicated student housing property located across the street from the main campus at the University of Oregon.
The transaction has a seven-year term amortized over 30 years and was funded under Freddie Mac’s Portfolio Fixed Rate Execution.
“Assets in the student housing market have remained relatively stable,” says Jeff Day, co-head of DBBM. “As markets improve, I am confident that we will continue to see more activity in the sector.”
The property was built in 1963 and renovated in 2009.