Updated Sep 10, 2025
Culby Culbertson Of Culbertson Holdings & LLC Represents Landlord In $35M Loan For Student Housing
2888 Nash Street
$35,000,000
$160/SF
Building Size
218,122 SF
Asset Type
Student Housing
Closing
Aug 28, 2025
About this deal
AI
The asset involved is a student housing property located at 2888 Nash Street in Bryan, comprising a total square footage of 218,122. The property was subject to a loan amount of $35,000,000 for recapitalization purposes.
Summary of transaction details:
- Property Type: Student Housing
- Transaction Amount: $35,000,000
- Lender: David Scheer, Jack Baron & Alex Izso - Dwight Mortgage Trust
- Landlord's Representative: Culby Culbertson - Culbertson Holdings & LLC
- Date: 08/29/2025
The transaction was facilitated through key individuals representing various stakeholders. David Scheer, Jack Baron, and Alex Izso acted as lenders while Culby Culbertson represented the landlord's interests in the deal.
On the Map
$35,000,000
$160/SF
Student Housing
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Players
Bryan 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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93