Black Bear Capital Partners ("BBCP") Facilitates $7.65M Refinance for Athens Student Housing Asset.
FINANCED
$7,650,000
Georgia
See Similar DealsStudent Housing51,380 SF
Financed 02/13/2025
FINANCED
Black Bear Capital Partners ("BBCP") Facilitates $7.65M Refinance for Athens Student Housing Asset.
148 Old Will Hunter Road
See Similar DealsStudent Housing51,380 SF
Financed 02/13/2025
Summary
GEORGIA
Asset Type:Student Housing
Price Per Square Foot:$148
Total Square Footage:51,380 SF
Transaction Type:Loan
The property involved in this transaction is a 154-bed student housing asset located at 148 Old Will Hunter Road in Athens, GA. It spans a total of 51,380 square feet and consists of 54 units. The transaction was a refinance loan amounting to $7,650,000.
Summary of transaction details:
- Property Type: Student Housing
- Transaction Amount: $7,650,000
- Loan Type: Refinance
- Loan Terms: 1-year, floating rate loan with full term interest-only at 70% LTV
- Lender: T2 Capital Management
- Brokers: Matthew Stearns, Michael Bernstein & Zach Lutwak-Fitzgerald - Black Bear Capital Partners
The key individuals involved in this transaction are Matthew Stearns, Michael Bernstein, and Zach Lutwak-Fitzgerald, all representing Black Bear Capital Partners in the deal. Their role was instrumental in facilitating the refinance for the student housing property.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,650,000.00
Monthly NOI$51,000.00
Monthly Debt Service$48,353.20
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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