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900 West Glenn Avenue Aubur...

Seven Hills Realty Trust Refinances Student Housing In Auburn, AL For $37.5M
FINANCEDStudent Housing

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.

Players

Thomas Lorenzini

Seven Hills Realty Trust

Lender

$302M

vol

11 deals

Lender

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