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:
- Property Type: Student Housing
- Transaction Amount: $134,000,000
- Market: Athens, GA
- Lender: Brian Hirsh & Jonah Sacks & Russell Frahm - Mesa West Capital
- Landlord: LV Collective
- Broker: Harrison Reid - TSB Capital Advisors
- Loan Type: Refinance
- Loan Set Period: Four years
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
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