facebook

traded

+ Submit
Home

/

Deals

/

Georgia

/

Student Housing

/

Loan

/

ATHENS, georgia

Mesa West Capital Provides $134 Million Refinance Loan For Rambler Athens Student Housing In Georgia
FINANCEDStudent Housing

Mesa West Capital Provides $134 Million Refinance Loan For Rambler Athens Student Housing In Georgia

$134,000,000

Building Size

Asset Type

Student Housing

Closing

Apr 21, 2025

AI

The asset involved in this transaction is a student housing complex known as Rambler Athens, which accommodates 750 beds. The property is situated near the University of Georgia in Athens, GA, and the transaction involves a refinancing process with a loan amount of $134 million.

Summary of transation details:

This transaction is significant for the individuals and organizations involved. Mesa Capital West facilitated the refinancing, represented by the trio of Brian Hirsh, Jonah Sacks, and Russell Frahm. The entity overseeing the property, LV Collective, plays a crucial role in this transaction, alongside broker Harrison Reid from TSB Capital Advisors.

Players

Harrison Reid

TSB Capital Advisors

Broker

$134M

vol

1 deal

Broker

Russell Frahm

Mesa West Capital

Lender

$377.8M

vol

6 deals

Lender
Mesa West Capital
Mesa West CapitalLender
LV Collective
LV CollectiveLandlord

Market Student Housing Market Snapshot

Boundary boundary · Student Housing · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.12%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93