Updated Jan 20, 2026
NorthMarq Secures $16.78M Loan From Freddie Mac For Student Housing In Champaign
54 East John Street & 103 East Healey Street
$16,779,000
Units
173
Asset Type
Student Housing
Closing
Jan 20, 2026
About this deal
AI
The transaction involves two fully leased student housing properties located at 54 East John Street and 103 East Healey Street in Champaign. The asset type is student housing, comprising a total of 173 units with a loan amount of $16,779,000 for refinancing purposes.
Summary of transaction details:
- Property Type: Student Housing
- Transaction Amount: $16,779,000
- Lender: Freddie Mac
- Landlord: Chris Saunders - Green Street Realty
- Brokers: Brett Hood & John Heitmann - NorthMarq
- Units: 173
- Market: Champaign
The financing was secured by NorthMarq, facilitating the loans for the 65-bed property located at 54 E. John St. and the 108-bed property at 103 E. Healey St., both situated in Campustown South, supporting the ongoing demand for student accommodations near the University of Illinois Urbana-Champaign.
On the Map
$16,779,000
Student Housing
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Players
Champaign 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
0.95%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93