Barclays Provides $43.7 Million Refinance Loan For Student Housing In Lansing And Lafayette
4905 Dunckel Road
$43,700,000
Building Size
—
Asset Type
Student Housing
Closing
Apr 16, 2026
AI
The asset involved in the transaction consists of multiple properties located at 4905 Dunckel Road, 2550 Yeager Rd West, 203, 305, 307 Montefiore St, and 230-238 West Saginaw St, primarily serving the student housing market in Lansing and Lafayette. The refinancing loan amount for these properties is $43,700,000, with a term set for 5 years.
Summary of transaction details:
- Property Type: Student Housing
- Transaction Amount: $43,700,000
- Lender: Barclays
- Broker: Anthony Longo - Alpha Capital CRE
- Loan Type: Refinance
- Loan Terms: 5 Year
Key individuals involved in the deal include Anthony Longo, who serves as the broker representing the transaction through Alpha Capital CRE. Barclays is the financial institution providing the refinancing for the properties involved.
Players
Lansing Student Housing Market Snapshot
Boundary boundary · Student Housing · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93