Murray, Michael
NBS Financial Services, Portland, Ore., arranged $4.05 million in acquisition financing for the Hallwood Apartments in Beaverton, Ore.

Todd Harding, vice president, arranged financing through Fannie Mae provided more than 75 percent of acquisition costs on a non-recourse basis for a local borrower. NBS arranged two other Fannie Mae transactions for the borrower in the past two years.

Hallwood Apartments, a 76-unit complex built in 1986, consists of garden-style, two-story wood-frame apartments.

In the past two months, NBS arranged a number of multifamily financings. Harding attributed it to multifamily being the preferred product type in the market because of Fannie Mae and Freddie Mac financing.

While Hallwood Apartments accounted for nearly 80 percent of acquisition costs, life companies generally provide closer to 60 percent or 70 percent of acquisition, Harding said.