HFF Secures $30M in Financing for Broadway Place
- Aug 23, 2016
Portland, Ore.—HFF announced it has secured financing for Broadway Place, a 170-unit community situated near the University of Oregon in downtown Eugene. According to Yardi Matrix, the property sold for $30 million and the seller was The Wolff Co.
HFF worked exclusively on behalf of Virtú Investments to secure a fixed-rate acquisition loan through Freddie Mac’s CME Program. The securitized loan will be serviced by HFF through its Freddie Mac Program Plus® Seller/Servicer program.
HFF’s debt placement team was led by Senior Managing Director Mona Carlton and Associate Director Erica Christensen.
Apart from its proximity to the University of Oregon, Broadway Place sits along West Broadway within walking distance of more than 1.5 million square feet of retail and multiple public transit options.
The Class B community was built in 1998 and offers studio, one- and two-bedroom floor plans averaging 715 square feet, as well as approximately 13,000 square feet of ground-floor retail space. Amenities at the eight-building property include community courtyards, elevator access, urban terrace gardens, bike storage and access to secure underground garage parking.
Image courtesy of Yardi Matrix