Dezure Development Secures $43 Million Refinance Loan For The Hive Student Housing In Atlanta

The asset involved in this transaction is a student housing community known as The Hive, located at 566 Centennial Olympic Park Drive Northwest in Atlanta, GA. The property consists of 307 beds and is aimed at serving the student population near Georgia Tech. The loan amount arranged for this property is $43,000,000 as a refinance option, reflecting its significant market position within the student housing sector.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: $43,000,000
• Loan Type: Refinance
• Landlord: Dezure Development
• Broker: Israel Leiner - Walker & Dunlop

Walker & Dunlop facilitated the arrangement of an interest-only bridge loan to support the refinancing of The Hive. This strategic financial maneuver aims to enhance the cash flow situation and provide operational flexibility for Dezure Development, the landlord of the property.