LOS ANGELES—TruAmerica Multifamily has secured a $156 million in acquisition financing to purchase a six-property multifamily portfolio in Oregon and Washington. In an earlier story, GlobeSt.com reported that TruAmerica purchased the portfolio, which also included a seventh property in Salt Lake City, for $255 million. Now, we have learned exclusively that the investor also financed a portion of the purchase, nabbing interest rates as low as 2.6%. Although we are in a low interest rate environment, these extremely low rates are indicative of TruAmerica’s reputation for performance.

“TruAmerica has a lot of respect in the lending community. Given its volume, track record and reputation, TruAmerica gets very attractive debt terms,” Brian Eisendrath, vice chairman at CBRE capital markets, tells GlobeSt.com. “The goal on the financing side was to find a one-stop shop that could really handle the debt of the individual properties’ specific business plans. On some of these properties, they wanted prepayment flexibility in the event that they decided to sell, and in other assets, they wanted a medium duration. It was important, too, to incorporate interest only as they wanted increase cash flow to investors.” Eisendrath secured the funds on behalf of the borrower along with his colleague Cameron Chalfant

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