Daily limit: 0/10
Seven Hills Realty Trust Provides $42M Bridge Loan To Shore To Shore Properties For Student Housing
FINANCED
$42,000,000
Mississippi
See Similar DealsStudent Housing
Financed 12/02/2024
FINANCED
Seven Hills Realty Trust Provides $42M Bridge Loan To Shore To Shore Properties For Student Housing
2002 Oxford Way
See Similar DealsStudent Housing
Financed 12/02/2024
Summary
MISSISSIPPI
Asset Type:Student Housing
Transaction Type:Loan
The Domain at Oxford is a 642-bed student housing property located at 2002 Oxford Way in Oxford, MS. The asset was constructed in 2016 and offers upscale amenities along with furnished apartments. A bridge loan was arranged to refinance the property, valued at $42 million.
Summary of transaction details:
- Property Type: Student Housing
- Transaction Amount: $42,000,000
- Lender: Seven Hills Realty Trust
- Landlord: Shore to Shore Properties Inc
- Loan Type: Refinance
- Market: Oxford, MS
- Loan Date: 12/02/2024
- Broker: Newmark
This transaction involved Seven Hills Realty Trust providing the loan, while Shore to Shore Properties Inc served as the landlord for the property. Newmark played a key role in arranging the three-year loan with extension options to support the refinancing of the student housing community.
Players
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$42,000,000.00
Monthly NOI$280,000.00
Monthly Debt Service$265,468.57
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions