Barclays Provides $9.4M Refinance Loan For Student Housing At 986 South Copper Beech Way
FINANCED
$9,400,000
Indiana
See Similar DealsStudent Housing170,640 SF
Financed 01/15/2025
FINANCED
Barclays Provides $9.4M Refinance Loan For Student Housing At 986 South Copper Beech Way
986 South Copper Beech Way
See Similar DealsStudent Housing170,640 SF
Financed 01/15/2025
Summary
INDIANA
Asset Type:Student Housing
Price Per Square Foot:$55
Total Square Footage:170,640 SF
Transaction Type:Loan
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:
- Property Type: Student Housing
- Transaction Amount: $9,400,000
- Lender: Barclays
- Lender's Representative: Anthony Longo - Alpha Capital
- Loan Type: Refinance
- Loan Terms: 10 Year CMBS
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$9,400,000.00
Monthly NOI$62,666.67
Monthly Debt Service$59,414.39
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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