Three Eugene men are planning to build a residential and commercial hub in Eugene known as the LUCiA Community Project.
The $3 million project on Friendly Street is being planned by food entrepreneur Mel Bankoff, builder Jason Elmendorf and architect Jan Fillinger.
“Nobody was going to lend us money two years ago for anything,” Fillinger said.
But the group had a breakthrough about a month ago, Fillinger said, when it met up with a lending unit of Eugene-based Pacific Continental Bank, which is familiar with sustainable, mixed-use projects.
“They said they would give us a construction loan if we could presell all 12 townhomes — and then that would convert into a mortgage for each of the homeowners,” Fillinger said.
Read more at The Register-Guard.
Latest from Oregon Business Team
- New for the 2023 Survey: Customized, Supplemental 100 Best Survey Questions
- Fresh Solutions for Flexible Workplaces
- Hop In! How Shared Rides Boost Staff Benefits
- Recruit, retain employees + create thriving workplaces by leveraging low-cost commute benefits
- Corporate Social Responsibility Panel Discussion