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407 Southwest 13th Street

Updated Jul 17, 2026

Grayson Jacobs & Dror Bezalel Of The Ardent Companies Secure $24M Refinance For Student Housing In Gainesville
FINANCEDStudent Housing

Grayson Jacobs & Dror Bezalel Of The Ardent Companies Secure $24M Refinance For Student Housing In Gainesville

407 Southwest 13th Street

$24,000,000

Building Size

—

Asset Type

Student Housing

Closing

Jun 23, 2026

About this deal

AI

The asset involved in the transaction is student housing located at 407 Southwest 13th Street in Gainesville. The loan amount for this property is $24,000,000, and it is classified as a refinance loan.

Summary of transaction details:

The individuals involved in the transaction include the landlords, Grayson Jacobs and Dror Bezalel, who represent The Ardent Companies. The brokers facilitating this transaction are Melissa Rose, Mike Brady, and Christian Johnston, associated with JLL.

On the Map

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$24,000,000

Student Housing

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Players

Melissa Rose

JLL

Broker

$3.6B

vol

60 deals

Broker
The Ardent Companies
The Ardent CompaniesLandlord

Dror Bezalel

The Ardent Companies

Landlord

$39M

vol

2 deals

Landlord
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Market Student Housing Market Snapshot

Boundary boundary · Student Housing · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.66%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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