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Seattle & Northwest  + Oregon  + Apartments  | 
Greystone Provides $12M Loan for Eugene Multifamily Property

Greystone Provides $12M Loan for Eugene Multifamily Property

Commercial real estate finance company Greystone has provided an $11.75 million Fannie Mae Delegated Underwriting & Service loan for the acquisition of Somerset Villas, a 92-unit multifamily property in Eugene, OR. The financing was originated by the firm’s Tim Thompson out of San Francisco, while Mark Paskill from Melvin Mark Capital Group acted as correspondent on the transaction.

“Greystone has extensive multifamily lending capabilities and expertise to help clients realize their vision for their multifamily portfolios,” said Thompson in a news release. “We get excited about helping clients find financings solutions that are right for their particular circumstance.” The non-recourse, fixed-rate financing in this transaction carries a 10-year term and amortization, with full-term interest-only payments.

Constructed in 1999 and located in Lane County, OR, Somerset Villas is a garden-style apartment community with 15 buildings that feature two-bedroom townhouse-style units. 

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Inside The Story

GreystoneTim ThompsonMelvin Mark Capital Group

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

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