Versity Investments Acquires Student Housing In Austin For $39M Loan

Versity Investments has recently secured a loan of $39,000,000 from Alliant Credit Union for the acquisition of a student housing property located at 2200 Nueces St in Austin. The property, consisting of 451 units, is situated in the bustling Austin market.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: $39,000,000
• Address: 2200 Nueces St
• Market: Austin
• Units: 451
• Borrower: Versity Investments
• Lender: Alliant Credit Union - Paul Letourneau
• Broker: Josh Perew - Walker & Dunlop

Paul Letourneau from Alliant Credit Union represented the lender in the deal, while Josh Perew from Walker & Dunlop acted as the broker. This loan transaction marks a significant milestone for Versity Investments as they expand their portfolio in the student housing sector in Austin.