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Värde Partners And Hawkins Way Capital Secure $431M Refinance For Monarch Student Housing Portfolio
FINANCED
$431,000,000
New York
See Similar DealsStudent Housing
Financed 11/12/2025
FINANCED
Värde Partners And Hawkins Way Capital Secure $431M Refinance For Monarch Student Housing Portfolio
525 Lexington Avenue, 119 Columbia Heights & 60 Belvidere Street
See Similar DealsStudent Housing
Financed 11/12/2025
Summary
NEW YORK
Asset Type:Student Housing
Transaction Type:Loan
The transaction involved a student housing portfolio comprising three properties located at 525 Lexington Avenue, 119 Columbia Heights, and 60 Belvidere Street. This portfolio offers a total of 2,407 beds across 1,257 units and is situated in the Brooklyn and Boston, MA markets.
Summary of transaction details:
- Property Type: Student Housing
- Transaction Amount: $431,000,000
- Lender: Goldman Sachs & Wells Fargo
- Landlord: Brad Bauer - Värde Partners & Ross Walker - Hawkins Way Capital
- Loan Type: Refinance
Värde Partners and Hawkins Way Capital facilitated this refinance deal for the Monarch student housing portfolio, highlighting the strategic maneuvering of landlords Brad Bauer and Ross Walker in securing substantial financial backing to enhance their property holdings.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$431,000,000.00
Monthly NOI$2,873,333.33
Monthly Debt Service$2,724,213.18
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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