Byline Bank Closes $15.2M Loan For Student Housing In San Marcos

The Junction San Marcos, a 152-unit student housing community near Texas State University, was acquired and renovated with the help of a $15.2 million loan from Byline Bank's Commercial Real Estate. Located at 109 West Avenue in San Marcos, the property offers a total of 488 beds within its units, catering to the student population in the area.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: $15,200,000
• Units: 152
• Beds: 488
• Address: 109 West Avenue
• Market: San Marcos

Matt Robertson of Byline Bank's Commercial Real Estate facilitated the $15.2 million loan for the acquisition and renovation of The Junction San Marcos. The project was carried out in collaboration with Campus Realty Advisors and T2 Capital. The upgrades encompassed improvements to the units, common areas, and amenities of the student housing community, aligning with the growth in enrollment at Texas State University and the ongoing campus expansion efforts.