Scott Meredith Of George Smith Partners Secures $68.8M Loan For Student Housing In Merced
FINANCED
$68,800,000
California
See Similar DealsStudent Housing
Financed 12/26/2019
FINANCED
Scott Meredith Of George Smith Partners Secures $68.8M Loan For Student Housing In Merced
2980 E Yosemite Ave, Merced, CA, 95...
See Similar DealsStudent Housing
Financed 12/26/2019
Summary
CALIFORNIA
Asset Type:Student Housing
Transaction Type:Loan
The property involved in the transaction is a student housing asset located at 2980 E Yosemite Ave, Merced, CA. The loan for this property was facilitated on December 26, 2019, with a total amount of $68,800,000.00. The borrower's representative in this transaction was Scott Meredith from George Smith Partners, and the lender was Mosaic Real Estate Credit.
Summary of transaction details:
- Property Type: Student Housing
- Transaction Amount: $68,800,000.00
- Address: 2980 E Yosemite Ave, Merced, CA
- Market: Merced
- Borrower's Rep: Scott Meredith(George Smith Partners)
- Lender: Mosaic Real Estate Credit
In this deal, Scott Meredith, representing George Smith Partners, played a crucial role as the borrower's representative. On the other side, Mosaic Real Estate Credit served as the lender for this substantial loan transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$68,800,000.00
Monthly NOI$458,666.67
Monthly Debt Service$434,862.80
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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