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:
- 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.
Players
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