RESILIENCE, RELATIONSHIPS, AND A $1.29M GAIN

FRENCH QUARTER

CLIENT GOAL
The seller originally acquired French Quarter Apartments off-market in 2020 through The Christensen Group for $2,910,000. After a stable four-year hold, the goal was to capture appreciation and exit with strong returns—without sacrificing terms in a challenging financing environment.

CHALLENGE
As interest rates rose in 2024, several prospective buyers failed to secure financing, stalling escrow momentum. The property’s 1967 vintage and mid-market size created further friction in aligning buyer expectations with lender requirements—putting the deal at risk unless a more strategic approach could be deployed.

ACTION
The Christensen Group coordinated directly with the existing lender to structure an assumable 3.75% interest rate loan with a five-year term and minimal down payment, making the property immediately more attractive to value-oriented buyers. We repositioned the listing with updated underwriting and re-engaged the market with a tailored pitch focused on the rare loan terms available.

RESULT
The property closed for $4,200,000, delivering a $1.29 million gain over the seller’s 2020 acquisition price. This transaction showcases our team’s ability to adapt mid-escrow, work creatively with lending partners, and preserve deal value in a changing market.

FRENCH QUARTER APARTMENTS – EUGENE, OR

Selling Price: $4,200,000
Year Built: 1967
Total Units: 24 Units
Cap Rate: Structured with assumable financing at 3.75%
Location: Eugene, Oregon
Sale Date: Late 2024
Original Purchase Price: $2,910,000 (Acquired Off-Market in 2020)