Gregory Kavoklis Refinances Student Housing In San Luis Obispo For $4.97M

Located at 152 Ferrini Road in San Luis Obispo, this student housing property spans approximately 15,269 square feet. The asset, as captured in a photograph by Gregory Kavoklis, was involved in a recent loan transaction.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: $4,966,500

The loan, which amounted to $4,966,500, was obtained through a refinancing arrangement. The terms of the loan include a 7-year fixed rate of 3.40%, with the first 60 months being interest-only. It is a nonrecourse loan and allows for stepdown prepayment. Gregory Kavoklis from Matthews Real Estate Investment Services represented the parties involved in this deal.