MetLife Provides $42M Refinance Loan For Schenk Realty's 264-Unit Student Housing In San Marcos

Located at 140 West San Antonio Street in San Marcos, this property is a student housing asset with a total of 264 units. It was recently involved in a closed transaction.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: $42,000,000
• Loan Type: Refinance
• Loan Terms: Five-year, fixed-rate
• Lender: MetLife
• Landlord: Schenk Realty
• Broker: Steve Skok - Berkadia

Steve Skok from Berkadia represented the buyer in this transaction. The loan was provided by MetLife for the amount of $42,000,000. This refinance loan has a five-year term and a fixed interest rate.