NorthMarq Secures $16.78M Loan From Freddie Mac For Student Housing In Champaign

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.