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Big Ten Student Housing

Big Ten Student Housing 

$20,025,000 308 Unit Garden Style Apartment


Location: Ann Arbor, MI
Loan Amount: $4,040,000
Term: 30 Year
Amortization: 30 Year
Execution: Life Company

Key Points:

  • 46-bed student housing
  • Lifeco Execution
  • 30-year term / 30-year amort / 1.30x DSCR
  • No global cash flow underwriting
  • No property performance covenants
  • No reserves, no escrows