Deutsche Bank Provides $7.35M Acquisition Loan For Luxstone Partners Student Housing In Morgantown WV

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.