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Seven Hills Realty Trust Refinances Student Housing In Auburn, AL For $37.5M
FINANCED
$37,500,000
Alabama
See Similar DealsStudent Housing
Financed 05/16/2023
FINANCED
Seven Hills Realty Trust Refinances Student Housing In Auburn, AL For $37.5M
900 West Glenn Avenue Auburn, Alabama 36832, USA
See Similar DealsStudent Housing
Financed 05/16/2023
Summary
ALABAMA
Asset Type:Student Housing
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$37,500,000.00
Monthly NOI$250,000.00
Monthly Debt Service$237,025.51
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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