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148 Old Will Hunter Road

Black Bear Capital Partners ("BBCP") Facilitates $7.65M Refinance for Athens Student Housing Asset.
FINANCEDStudent Housing

Black Bear Capital Partners ("BBCP") Facilitates $7.65M Refinance for Athens Student Housing Asset.

148 Old Will Hunter Road

$7,650,000

$148/SF

Building Size

51,380 SF

Asset Type

Student Housing

Closing

Feb 13, 2025

AI

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:

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

Matthew Stearns

Black Bear Capital Partners

Broker

$910.4M

vol

34 deals

Broker
T2 Capital Management
T2 Capital ManagementLender

Athens 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

2.07%

Cash-on-Cash

-0.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93