Synovus Provides $29M Acquisition Financing For Student Housing In Clemson, SC
FINANCED
$29,000,000
+ 2
South Carolina
See Similar Deals184,204 SF
Financed 08/15/2022
FINANCED
Synovus Provides $29M Acquisition Financing For Student Housing In Clemson, SC
1100 Cambridge Crk Ct Clemson, SC 29631, USA
See Similar Deals184,204 SF
Financed 08/15/2022
+ 2
Summary
SOUTH CAROLINA
Price Per Square Foot:$157
Total Square Footage:184,204 SF
Transaction Type:Loan
1100 Cambridge Creek Court in Clemson, SC, is a student housing property with a total square footage of 184,204. The property has 380 keys, making it a significant student housing asset in the market.
Summary of transaction details
- Property Type: Student Housing
- Transaction Amount: $29,000,000
- Lender: Synovus
- Landlord: Center Court Mass
- Brokers: Dustin Stolly, Jordan Roeschlaub, Chris Kramer, Nick Scribani, Holden Witkoff & Marshall Dickson - Newmark
The loan for the acquisition of 1100 Cambridge Creek Court was provided by Synovus in the amount of $29,000,000. This financing arrangement facilitated the purchase of the student housing property.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$29,000,000.00
Monthly NOI$193,333.33
Monthly Debt Service$183,299.73
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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