Student Housing Apartment Loan

Loan Amount: $6,200,000
Property Type: Student Housing
Loan Type: Mini Perm
Loan Term: 5-years

Villas at Emporia
This student housing complex is leased to students by the bedroom and not by the unit. The loan refinanced the existing debt of $6,200,000 at 4.0% with a 5-year maturity with a 30-year amortization. The loan to value was slightly under 80%.