Highland Realty Capital Provides $27M Refinance Loan For Student Housing In Downtown Berkeley

Located in Downtown Berkeley, the student housing property at 2510 Channing Way has recently undergone a loan refinance transaction. The property spans approximately 41,858 square feet and consists of 40 units, catering to the needs of the student population.

Summary of transaction details

• Property Type: Student Housing
• Transaction Amount: $27,000,000
• Address: 2510 Channing Way
• Market: Downtown Berkeley
• Loan Type: Refinance
• Loan Terms: 12 Year Fixed, 5 Years of IO, Loan Sized to $675,000/Unit

Highland Realty Capital served as the lender for this refinance deal. Leading the transaction were brokers Jeffrey K. Eliason and Leland Ortega, both representing Highland Realty Capital. Their expertise and insight were instrumental in facilitating the loan refinance process for the student housing property at 2510 Channing Way.

With a loan amount of $27,000,000, this refinance transaction offers favorable terms, including a 12-year fixed period and 5 years of interest-only payments. The loan is sized to $675,000 per unit, providing the necessary capital for the property's ongoing operations and future investments.