Greystar and equity partner Star America have received construction loans for two student housing projects.
The first project, Union on Broadway, is located at 476 E. Broadway in Eugene, Ore. Pacific Western Bank issued a $59.95 million loan to fund the development of a 12-story building that will deliver 357 units and 608 beds in a location near the University of Oregon.
The second transaction, Lakeview, is located at 4126 12th Ave. NE in Seattle. An $86.17 million loan was provided for the 21-story building with 226 units and 597 beds that will benefit University of Washington students and their community.
