Updated Sep 9, 2024
BayBridge Real Estate Capital Secures $39M Construction Loan For Atlanta Student Housing
564 Centennial Olympic Park Dr N WAtlanta, GA 30313, USA
$39,000,000
$97/SF
Building Size
400,000 SF
Asset Type
Student Housing
Closing
Sep 1, 2023
About this deal
AI
Located at 564 Centennial Olympic Park Drive Northwest, this property in Atlanta, GA is a student housing asset. The transaction involved a construction loan amounting to $39,000,000.
Summary of transaction details
- Property Type: Student Housing
- Transaction Amount: $39,000,000
- Market: Atlanta, GA
- BROKERS: Spencer Miller, Jay Miller & Aj Felberbaum - BayBridge Real Estate Capital
- Loan Type: Construction
In this deal, the brokers from BayBridge Real Estate Capital, namely Spencer Miller, Jay Miller, and Aj Felberbaum, facilitated the loan for the property's construction. Their expertise and experience in the market contributed to the successful completion of the transaction.
Players
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
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93