1. A 154-bed off-campus student housing property located at 148 Old Will Hunter Road in Athens, Georgia, has successfully undergone refinancing with a loan amount of $8,000,000. This refinancing was structured as a five-year, fixed-rate financing with full-term interest-only payments at a 65% loan-to-value (LTV).

Summary of transation details:

• Property Type: Student Housing
• Transaction Amount: $8,000,000
• Lender: Deutsche Bank
• Landlord: Nicas Group
• Capital Market Advisors: Matthew Stearns, Zach Lutwak-Fitzgerald & Michael Bernstein - Black Bear Capital Partners
• Loan Type: Refinance
• Loan Terms: Five-year, fixed-rate financing with full-term interest-only payments

The refinancing deal involved Black Bear Capital Partners representing the capital market advisors on this transaction, with key individuals Matthew Stearns, Zach Lutwak-Fitzgerald, and Michael Bernstein working together to navigate the financing process for the property located in Athens.