The Lodge is a student housing property located at 1975 Aquarena Springs Drive in San Marcos, Texas, featuring 258 units and providing a total of 696 beds. The property was acquired with a financing structure that included a bridge loan valued at $31,200,000, which is intended to cover the acquisition costs. The market for this asset is specifically geared towards student accommodation due to its proximity to Texas State University.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: $31,200,000
• Units: 258
• Beds: 696
• Address: 1975 Aquarena Springs Drive
• Market: San Marcos
• Lender: Tom Lorenzini - Seven Hills Realty Trust
• Landlord: Nitin Chexal - Palladius Capital Management
• Broker: Walker & Dunlop
• Loan Terms: three-year initial term with two one-year extension options

Tom Lorenzini from Seven Hills Realty Trust facilitated the bridge loan, while Nitin Chexal of Palladius Capital Management is the landlord involved in this transaction. The advisory role was taken by Walker & Dunlop, supporting the financing structure and ensuring execution related to the acquisition of this student housing asset.