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986 South Copper Beech Way

Barclays Provides $9.4M Refinance Loan For Student Housing At 986 South Copper Beech Way
FINANCEDStudent Housing

Barclays Provides $9.4M Refinance Loan For Student Housing At 986 South Copper Beech Way

986 South Copper Beech Way

$9,400,000

$55/SF

Building Size

170,640 SF

Asset Type

Student Housing

Closing

Jan 15, 2025

AI

The property asset involved is a student housing facility located at 986 South Copper Beech Way in Bloomington, IN. The total square footage of the asset is 170,640, and the loan amount associated with it is $9,400,000, which is part of a refinance transaction under a 10 Year CMBS loan type.

Summary of transaction details:

The transaction involves notable individuals such as Anthony Longo, who represents Barclays in this loan deal. His role as the lender's representative is crucial for facilitating the refinance process for the student housing property.

Players

Anthony Longo

Alpha Capital

Broker

$954.8M

vol

32 deals

Broker
Barclays Bank
Barclays BankLender

Bloomington 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

1.69%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93