$14,500,000
Fayetteville, AR
Transaction Type
Refinance
Non-Recourse
Loan Type
Bridge Loan
Situation & Challenges
- Nine buildings/232-units property near the University of Arkansas
- Property was 68% leased at closing
Solutions & Highlights
- Leasing velocity improved during the academic year and was on track to reach full stabilization
- Sponsor appointed a new management firm with student housing experience to operate the asset
- 3-year term plus extensions