FINANCEDDevelopment Site
Global Student Accommodation Secures $500 Million Refinancing From Wells Fargo For 23-Asset Portfolio
$500,000,000
Building Size
—
Asset Type
Development Site
Closing
May 27, 2025
AI
This transaction involves a development site located at 211 Main Street in Columbia, SC, encompassing 3.38 acres. Global Student Accommodation is seeking to enhance its 23-asset U.S. student housing portfolio through a significant refinancing arrangement.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $500,000,000
- Lender: Wells Fargo
- Landlord: Global Student Accommodation
- Loan Type: Refinance
- Market: Columbia, SC
- Assets: 23 properties across 14 states
- Support for: Expansion and property upgrades near top-tier universities
The refinancing deal is executed by Wells Fargo, representing a critical financial strategy for Global Student Accommodation, ensuring the enhancement of its student housing offerings in key educational markets throughout the United States.
Players
Wells FargoLender
Market Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93