Student Housing Cottages – Acquisition

Southwest, US


Funding Purpose

Provided acquisition financing for the purchase of a Student Housing property in the Southwest. This was one of three properties that the sponsor purchased in a 1031 exchange.

Property Description

Luxury boutique cottages within a mile of  a prominent state university. Highly desirable location, subject property is 100% occupied.


Experienced family owned and operated real estate company based out of CA. Sold apartment complex in Los Angeles to take advantage of the higher yields out of state.


  • Needed to close by end of year.
  • Not enough parking spots.


  • Worked diligently with bank to meet deadline.
  • Re-traded for a lower purchase price due to parking issue.


  • Loan to Value: 67%
  • Interest Rate: 3.99%
  • Amortization: 25 years
  • Term: 7 years
  • Recourse: Yes
  • Interest Only: None

Associate Director  | Capital Advisor