Student Housing Refinance

622 Bed Community

Location: Dearborn, Michigan
Loan Amount: $25,150,000
Term: 5 Year 
Amortization:  1 Year I/O followed by 30 Year
Execution: Bank  

• Non-Recourse, Balance Sheet Financing
• 65% LTV / 1.30x DSCR
• 5-Year Fixed-Rate Term
• Interest Rate Locked at Application
• Step-Down Prepayment
• No Replacement Reserves