A $14,291,000 loan was secured for the refinance of a 400+ unit multifamily and student housing portfolio consisting of 7 buildings in the Upper Midwest. The financing was arranged by Gregory Kavoklis from Matthews Real Estate Investment Services, who facilitated a mix of interim and permanent financing on a nonrecourse basis. The loan allows for repositioning flexibility in the future, as a large percentage of the equity returned is not subject to prepayment penalty provisions.

Summary of transaction details

• Property Type: Multifamily & Student Housing
• Transaction Amount: $14,291,000
• Address: Upper Midwest
• Total Square Footage: 399,786
• Number of Units: 400

In securing the loan, Gregory Kavoklis from Matthews Real Estate Investment Services played a crucial role as the broker for this deal. The agency and debt fund execution allowed for a successful financing arrangement for the multifamily and student housing portfolio.