JLL Secures $11.8M Loan For Student Housing In Wichita, KS

2909 N Oliver St wichita

$11,800,000

Building Size

—

Asset Type

Student Housing

Closing

Jan 29, 2024

AI

The student housing community located at 2909 N Oliver Street in Wichita, KS, consists of 192 units and has been refinanced for $11.8 million. Owned by Calidus and managed by The Preiss Company, the property received a five-year fixed-rate loan through Freddie Mac Multifamily, with JLL Real Estate Capital, LLC as the lender.

Summary of transaction details:

Property Type: Student Housing
Transaction Amount: $11,800,000
Address: 2909 N Oliver Street
Market: Wichita, KS
Lender: Freddie Mac & JLL Real Estate Capital
Landlord: Calidus
Brokers: Dan Kearns, Dave Hunter, Katia Novi & Patricia Heminger - JLL
Loan Terms: Five-year, fixed-rate loan

JLL Capital Markets played a crucial role in securing the $11.8 million refinancing deal for 2909 Oliver. The property near Wichita State University in Kansas is owned by Calidus and managed by The Preiss Company. Noteworthy individuals involved in the transaction include Dan Kearns, Dave Hunter, Katia Novi, and Patricia Heminger from JLL Real Estate Capital, LLC.

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