PORTLAND, OR – 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.
About Virtú Investments: Virtú Investments (Virtú), a fully-integrated multifamily fund manager, was built to take advantage of today’s value-add apartment investment market. During the last 19 years, Virtú has acquired 108 assets valued at more than $1.5 billion, totaling more than 15,000 apartment units. Virtú’s unique platform includes in-house services, including acquisitions, finance, due diligence, asset management, in-house property management, efficiency retrofitting, information technology and accounting/tax preparation.
About HFF: HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.