Reid Marks, Nick Helfand, Cameron Koffman Of Hackberry Lane Secure $27.2 Million Loan For Student Housing In Virginia Tech

The transaction involves multiple properties, specifically designed for student housing in the Virginia Tech market located in Blacksburg, VA. The properties consist of addresses 208 Wharton Street Southeast, 313-315 E Clay Street, 1201-1207 North Main Street, 701 South Main Street, and 900 Glade Road. The loan amount secured for this acquisition is $27,200,000.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: $27,200,000
• Lender: Webster Bank
• Sponsor: Reid Marks, Nick Helfand, Cameron Koffman - Hackberry Lane
• Advisor: Max Hulsh, Max Herzog, Marko Kazanjian & Andrew Cohen - Institutional Property Advisors
• Market: Virginia Tech - Blacksburg, VA

This transaction includes involvement from several key individuals and companies who played vital roles. Reid Marks, Nick Helfand, and Cameron Koffman represent the sponsor Hackberry Lane, while Max Hulsh, Max Herzog, Marko Kazanjian, and Andrew Cohen serve as advisors through Institutional Property Advisors, contributing their expertise to this acquisition deal.