BWE has arranged a $20.57 million participation loan to support construction of a new 105-unit multifamily community in Medford, Oregon, adding fresh rental housing supply on the city’s northeast side.
The financing was originated by Chris Dyson, senior vice president, and Libby Davis, senior production analyst, from BWE’s Birmingham office. The pair secured the loan with a life insurance company on behalf of a client that develops and operates multifamily properties across the Pacific Northwest.
According to BWE, the borrower is pursuing a new development strategy for this project, shifting away from its more traditional build-and-hold approach. Dyson noted that a participation loan structure with a life insurance company was identified as an optimal fit for the client’s updated strategy and for the specific needs of the Medford development.
The planned community will consist of 105 apartments, with a mix of 42 one-bedroom units and 63 two-bedroom units. The residences are planned with a range of higher-end interior features, including hardwood-style flooring, quartz countertops, walk-in closets, electric fireplaces, and private patios or balconies.
The project site is located on Medford’s northeast side, an area that is set to gain new housing through this ground-up development. Construction is already underway, with the project having broken ground. Delivery of the community is targeted for 2026, positioning the asset to come online amid ongoing demand for rental housing in the region.
The life insurance company lender is providing the participation loan to finance construction, aligning long-term institutional capital with a multifamily specialist active across the Pacific Northwest. BWE’s role included structuring and sourcing the loan to meet both the developer’s strategic objectives and the lender’s underwriting requirements.
The transaction underscores continuing capital availability from life insurance companies for multifamily construction when supported by experienced sponsorship, clearly defined development strategies, and projects that offer modern finishes and amenities. For Medford, the new community will expand the inventory of one- and two-bedroom rental options once construction is completed.
