facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

South Carolina

/

Development Site

/

Loan

/

North Davidson caroli

Global Student Accommodation Secures $500 Million Refinancing From Wells Fargo For 23-Asset Portfolio
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

Scott Zimmerman

Broker

1 deal

Broker
Wells Fargo
Wells FargoLender

Market Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

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