Deutsche Bank Provides $7.35M Acquisition Loan For Luxstone Partners Student Housing In Morgantown WV
West Virginia
See Similar DealsDeutsche Bank Provides $7.35M Acquisition Loan For Luxstone Partners Student Housing In Morgantown WV
2118 University Avenue
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The property asset involved is a student housing facility located at 2118 University Avenue in Morgantown, West Virginia. The acquisition loan arranged for this property amounts to $7,350,000, structured at 75% of the purchase price over a term of 5 years with an interest-only payment option.
Summary of transaction details:
- Property Type: Student Housing
- Transaction Amount: $7,350,000
- Lender: Deutsche Bank
- Landlord: Luxstone Partners
- Loan Type: Acquisition
- Loan Terms: 5 Years
- Loan Rate: 6.30%
- Brokers: Isaac Filler, Jordan Gellman, Shaya Hirtz & Steven Edelstein - Filler Capital
The deal was facilitated by Filler Capital, showcasing their expertise in securing financing solutions. The brokers involved played a significant role in establishing a collaborative relationship with Deutsche Bank, successfully navigating the transaction in a dynamic market environment.
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