Premier SS 1 Premier SS 2 Premier SS 3 Premier SS 4
Situation/Challenges
  • Refinance of an existing CMBS loan
  • 296 units
  • Approximately 20% of rentals are to students and seasonal in nature
  • Property is self-managed/flagged
  • Facility is located in a tertiary MSA
Solutions/Highlights
  • Facility is close to an upscale multifamily community and a new student housing complex
  • Average occupancy of over 90% for 5+ years
  • Approximately 39% of the units are climate-controlled
  • Includes 3 acres of boat and RV storage
  • Non-recourse
  • 25-year amortization schedule
  • Loan will remain on A10's balance sheet and serviced in-house