Seven Hills Realty Trust Refinances Student Housing In Auburn, AL For $37.5M
900 West Glenn Avenue Auburn, Alabama 36832, USA
$37,500,000
Building Size
—
Asset Type
Student Housing
Closing
May 16, 2023
AI
The student housing located at 900 West Glenn Avenue in Auburn, AL has undergone a refinancing transaction. The loan amount for this transaction was $37,500,000. The property, which is a part of the student housing market, was refinanced through Seven Hills Realty Trust, with Tom Lorenzini representing the lender.
Summary of transaction details
- Property Type: Student Housing
- Transaction Amount: $37,500,000
- Lender: Seven Hills Realty Trust - Tom Lorenzini
- Loan Type: Refinance
This refinancing deal involved Seven Hills Realty Trust, with Tom Lorenzini acting as their representative. The transaction allowed for the refinancing of the student housing property located at 900 West Glenn Avenue in Auburn, AL.
Auburn Student Housing Market Snapshot
Boundary boundary · Student Housing · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93