Updated Sep 2, 2026
Ross Walker Of Hawkins Way Capital Secures $76.3M Refinance Loan For Student Housing In Brooklyn Heights
97 Columbia Heights & 119 Columbia Heights
$76,300,000
$384/SF
Building Size
99,303 SF
Asset Type
Student Housing
Closing
Nov 14, 2025
About this deal
AI
The property assets involved in this transaction are student housing located at 97 Columbia Heights and 119 Columbia Heights, situated in the Brooklyn Heights market. The total square footage of the properties is 99,303. The transaction was executed through a refinance loan amounting to $76,300,000.
Summary of transation details:
- Property Type: Student Housing
- Transaction Amount: $76,300,000
- Lender: Goldman Sachs & Wells Fargo
- Landlord: Ross Walker - Hawkins Way Capital
- Previous Debt: $69,000,000 held by CIM Group
- Loan Type: Refinance
This deal involved Ross Walker representing Hawkins Way Capital as the landlord responsible for the refinancing of the dormitory space. The financial backing for the transaction came from Goldman Sachs and Wells Fargo, who collaborated to facilitate the new loan arrangement.
On the Map
$76,300,000
$384/SF
Student Housing
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Players
Brooklyn Student Housing Market Snapshot
Boundary boundary · Student Housing · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93