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JLL Arranges Financing for MultiFam in Salem
JLL Capital Markets has arranged $8 million in acquisition financing for Sunnyview Village, a 58-unit, garden-style community in Salem, OR. The JLL Debt Advisory team of Charles Halladay, Jonah Aelyon, Alek Kaculini and Charlie Watson secured the three-year, floating-rate loan through Ready Capital for the borrower, One Degree Acquisitions.
Located at 4200 Sunnyview Rd., the two-story community consists of seven buildings, with units averaging 916 square feet. The property offers convenient access to Route 99E and Interstate 5 and is located near several large employers, including the Oregon State Capital and a global e-commerce distribution center.
“One Degree Acquistions continues to find great opportunities that benefit from the strong fundamentals witnessed in multi-housing product today,” said Halladay in a news release. “Sunnyview was a great example of this, and Ready Capital did an excellent job closing this loan in a volatile lending environment.”
- ◦Sale/Acquisition
- ◦Financing
