Walker & Dunlop Arranges $555.6 Million Refinance Loan For Scion Student Housing Portfolio

The transaction involves a refinancing loan arranged for The Scion Group’s 14-property student housing portfolio, which includes a total of 4,295 apartments and 10,454 beds. The properties are located across several states, including Arizona, Alabama, California, Colorado, Florida, Georgia, Louisiana, North Carolina, and Texas. The loan amount for this refinancing is $555,600,000, structured as a floating-rate, interest-only loan through an existing Fannie Mae credit facility.

Summary of transation details:

• Property Type: Student Housing
• Transaction Amount: $555,600,000
• Loan Type: Refinance
• Loan Terms: Floating-rate, interest-only
• Lender: Fannie Mae
• Landlord: Rob Bronstein - The Scion Group
• Brokers: Colin Coleman, Brendan Coleman & Will Baker - Walker & Dunlop
• Units: 4,295
• Beds: 10,454
• Market: Arizona, Alabama, California, Colorado, Florida, Georgia, Louisiana, North Carolina & Texas

Walker & Dunlop facilitated the refinancing for The Scion Group, indicating a commitment to the long-term ownership strategy of the portfolio. The deal reflects lender confidence in institutional student housing, which has seen demand consistently outstrip supply.