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1725 South Harvey Mitchell ...

Jeremy Basloe Of Culver Investment Partners Secures $30M Loan For Student Housing In College Station
FINANCEDStudent Housing

Jeremy Basloe Of Culver Investment Partners Secures $30M Loan For Student Housing In College Station

1725 South Harvey Mitchell Parkway

$30,000,000

$83/SF

Building Size

360,859 SF

Asset Type

Student Housing

Closing

Aug 21, 2025

AI

The property asset involved in this transaction is student housing located at 1725 South Harvey Mitchell Parkway in College Station. The total square footage of the asset is 360,859 and it is valued for a loan amount of $30,000,000 for acquisition purposes.

Summary of transaction details:

This transaction was facilitated by several key individuals representing the involved parties, including the lender, landlord, and brokers. Matthew Mitchell represents SteepRock Capital, while Jeremy Basloe is associated with Culver Investment Partners, acting as the landlord. The brokerage firm Walker & Dunlop was represented by a team of brokers consisting of Aaron Appel, Jonathan Schwartz, Adam Schwartz, Keith Kurland, Sean Reimer, Dustin Stolly, and Michael Ianno.

Players

Aaron Appel

Walker & Dunlop

Broker

$34.5B

vol

203 deals

Broker
SteepRock Capital
SteepRock CapitalLender

College Station Student Housing Market Snapshot

Boundary boundary · Student Housing · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.53%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93