Ken Goldenberg And Mark Caltabiano Of The Goldenberg Group Secure $285.5M Refinance Loan For Student Housing

The transaction involves the refinancing of a student housing asset located at Vantage - 1717 North 12th Street and The View at Montgomery - 1100 West Montgomery Avenue in Philadelphia, PA. The property comprises 606 units with a total of 1,816 beds and spans 545,702 square feet. The total loan amount for this refinancing deal is $285,500,000.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: $285,500,000
• Units: 606
• Beds: 1,816
• Square Footage: 545,702
• Date of Transaction: 07/09/2024
• Lender: Freddie Mac & Walker Dunlop Investment Partners
• Landlord: Ken Goldenberg & Mark Caltabiano - The Goldenberg Group
• Brokers: Aaron Appel, Jonathan Schwartz, Adam Schwartz, Keith Kurland, Sean Reimer, Michael Ianno, Brendan Coleman, Colin Coleman & Connor Locke - Walker & Dunlop

This refinancing deal features multiple brokers representing the transaction, all associated with Walker & Dunlop. The prominent participants in this transaction include notable brokers such as Aaron Appel and Jonathan Schwartz, among others, who are instrumental in facilitating this deal for the landlord, The Goldenberg Group.