Versity Invest Acquires Student Housing In Stillwater, OK For $27.5M
713 West 4th Avenue, Stillwater, Oklahoma 74074, United States
$27,500,000
Building Size
—
Asset Type
—
Closing
Aug 14, 2022
About this deal
AI
Versity Invest, LLC recently closed a loan transaction for a student housing property located at 713 W 4th Ave in Stillwater, OK. The loan amount for this transaction was $27,500,000. The property is a student housing asset, catering to the specific needs of the student population.
Summary of transaction details
- Property Type: Student Housing
- Transaction Amount: $27,500,000
- Market: Stillwater, OK
- Landlord: Versity Invest, LLC
The deal was facilitated by Jie Lee and Ed Kim from Berkadia, serving as brokers for the transaction. They represented the interests of their respective clients throughout the negotiation process.
Players
Stillwater CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.58%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93