BWE has secured a $20.57 million participation loan to finance the construction of a 105-unit multifamily community in Medford, Oregon.
Chris Dyson, senior vice president, and Libby Davis, senior production analyst, both of BWE’s Birmingham office, originated the financing with a life insurance company on behalf of a developer and operator of multifamily housing across the Pacific Northwest.
“When our longtime BWE client decided to pursue a new development strategy, rather than their traditional build-and-hold, we knew that a participation loan program with a life insurance company would provide the strongest possible financing for the project,” said Dyson.
The property will comprise 42 one-bedroom units and 63 two-bedroom units. All apartments will feature luxury amenities, including hardwood-style flooring, quartz countertops, walk-in closets, electric fireplaces, and private patios and balconies. The property will be developed on Medford’s northeast side and has already broken ground, with completion expected in 2026.
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