Tremont Realty Capital Provides $37.3 Million Loan For College Park Student Housing Sale At $37M

The property involved in the transaction is a student housing complex located at 9530 Baltimore Avenue, College Park, MD. It has a total of 232 units and was sold for $37,000,000, which translates to a price per unit of $159,483.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: $37,000,000
• Units: 232
• Price Per Unit: $159,483
• Lender: Matthew Jordan - Tremont Realty Capital

Tremont Realty Capital issued a $37.3 million first mortgage loan for Mazza Grandmarc, which is a 628-bed student housing complex serving University of Maryland students in College Park.