SEATTLE – October 16, 2014 – HomeStreet Bank Commercial Real Estate, one of the leading multifamily and commercial real estate lenders headquartered in the Pacific Northwest, announced today that it has provided a $13.4 million permanent loan to refinance Fifth Street Public Market, a premier shopping, dining and community gathering spot in the heart of Eugene, Ore. HomeStreet Bank Vice President Dan Ross arranged financing for the project.
The developer and former mayor of Eugene, Brian Obie, has owned the Fifth Street Public Market project for 30 years. In 2012, he opened the adjacent Inn at the 5th, the only boutique hotel in downtown Eugene and the first hotel constructed in the area in over 30 years.
Totaling over 68,500 square feet, Fifth Street Public Market is a premier Eugene property and home to restaurants and cafés, boutiques and local stores, spas and professional offices. It is located in close proximity to the convention center and the University of Oregon’s Autzen Stadium.
For more information on HomeStreet Bank’s commercial real estate programs, visit www.homestreet.com/cre.