Updated Sep 10, 2025
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
About this deal
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:
- Property Type: Student Housing
- Transaction Amount: $30,000,000
- Lender: Matthew Mitchell - SteepRock Capital
- Landlord: Jeremy Basloe - Culver Investment Partners
- Broker Representatives: Aaron Appel, Jonathan Schwartz, Adam Schwartz, Keith Kurland, Sean Reimer, Dustin Stolly, and Michael Ianno - Walker & Dunlop
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.
On the Map
$30,000,000
$83/SF
Student Housing
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Players
College Station Student Housing Market Snapshot
Boundary boundary · Student Housing · Loan transactions
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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