DLP Capital Secures $23.27 Million Refinance Loan From Freddie Mac For Kutztown Student Housing
2200 Lifestyle Lane
$23,274,000
Building Size
—
Asset Type
Student Housing
Closing
Sep 29, 2025
AI
The property asset is located at 2200 Lifestyle Lane in Kutztown, PA, and is classified as student housing. The transaction involves a refinance loan with a total amount of $23,274,000 and a term of 5 years.
Summary of transaction details:
- Property Type: Student Housing
- Transaction Amount: $23,274,000
- Lender: Freddie Mac
- Landlord: DLP Capital
- Loan Type: Refinance
- Loan Terms: 5 years
- Date of Transaction: 9/30/2025
Key individuals involved in this transaction include Don Wenner, representing the deal, and DLP Capital as the landlord overseeing the property.
Players
Kutztown Student Housing Market Snapshot
Boundary boundary · Student Housing · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93