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Barclays Provides $29.65 Million Refinance Loan For Student Housing Across Lansing, Lafayette & Bloomington

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FINANCED
$29,650,000

Michigan

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Student Housing
Financed 06/23/2025
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Property Image
FINANCED

Barclays Provides $29.65 Million Refinance Loan For Student Housing Across Lansing, Lafayette & Bloomington

4915 Belle Chase Way, 1714 North 9th Street & 1616 South Henderson Street

See Similar Deals
Student Housing
Financed 06/23/2025
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Summary

MICHIGAN
Asset Type:Student Housing
Transaction Type:Loan

The asset involved in this transaction is student housing located at 4915 Belle Chase Way, 1714 North 9th Street & 1616 South Henderson Street within the Lansing, Lafayette & Bloomington markets. The loan relates to a refinance transaction amounting to $29,650,000 secured through a 5-year CMBS Loan.

Summary of transaction details:

Anthony Longo, representing Alpha Capital CRE, was instrumental in facilitating this transaction, ensuring that all necessary arrangements were made for the refinancing efforts. The partnership with Barclays established the financial support required for this student housing asset.

Players

Anthony Longo
32 deals$954.8M volume(312) 218-4445
BROKER

Details

FINANCED
IMAGE: Anthony Longo DATE: 06/23/2025 ADDRESS: 4915 Belle Chase Way, 1714 North 9th Street & 1616 South Henderson Street MARKET: Lansing, Lafayette & Bloomington ASSET TYPE: Student Housing LENDER: Barclays (@BarclaysBankUS) BROKER: Anthony Longo (@AnthonyJLongo) - Alpha Capital CRE LOAN AMOUNT: $29,650,000 LOAN TYPE: Refinance LOAN TERMS: 5 year CMBS Loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$29,650,000.00

Monthly NOI$197,666.67
Monthly Debt Service$187,408.17
Change in Cash Flow$0.00
Refinance Proceeds$0.00