The USC Student Housing Portfolio, located in Los Angeles, consists of multifamily properties with a total square footage of 30,937. The deal involved an $11,846,250 loan used for refinancing, aimed at retiring maturing construction debt and executing equity recapture by a local developer. The financing is fixed for a duration of 5 years, maturing in 10 years, and is amortized over 30 years. This loan is collateralized by 187 beds distributed across four buildings constructed in 2025, which received their Certificate of Occupancy in the middle of the year.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $11,846,250
• Loan Type: Refinance
• Market: Los Angeles
• Square Footage: 30,937
• Beds: 187
• Number of Buildings: 4
• Loan Structure: 60 months interest-only payments, no prepayment penalty, sized to 65% LTV
• Brokers: Gregory K. Kavoklis & Don Aynesazan - Matthews

Gregory K. Kavoklis and Don Aynesazan from Matthews arranged the permanent financing for the developer. The financing structure allows for no deposit requirements, no cash-out restrictions, and no seasoning requirements, enhancing the attractiveness of the loan for the developer’s financial strategies.