JLL Secures $25M Refinancing Deal For Gamecock Village And Mustang Village Student Housing Properties

The student housing communities Gamecock Village in Jacksonville, Alabama, and Mustang Village in Wichita Falls, Texas, have secured a $25 million refinancing deal. The loan was provided by Deutsche Bank CMBS, and the borrower is Calidus. The properties, owned by Jonathan Cameron-Hayes and managed by The Preiss Company, have demonstrated strong performance, leading to their successful refinancing.

Summary of transation details

• Property Type: Student Housing
• Transaction Amount: $25,000,000
• Units: 192
• Beds: 504
• Market: Wichita Falls, Texas; Jacksonville, Alabama
• Lender: Deutsche Bank
• Landlord: Jonathan Cameron-Hayes - Calidus
• Brokers: Dan Kearns, Dave Hunter, Katia Novi & Patricia Heminger - JLL
• Loan Type: Refinance
• Loan Terms: five-year, fixed-rate

JLL, represented by brokers Dan Kearns, Dave Hunter, Katia Novi & Patricia Heminger, played a crucial role in securing the refinancing deal. The transaction was met with satisfaction from Calidus' CEO Jonathan Cameron-Hayes, who expressed confidence in the properties' management and strong performance, attributing their success to The Preiss Company's expertise in property management.