Beech Street Capital Arranges Refinance of University of Michigan Property

Subscribe to Student Housing Business Magazine.

We want your news! Submit It Here

Last Updated ( 05/14/2012 15:29 )

DATE_FORMAT_LC2=Monday,May 14 2012 05:00:00 AM

Beech Street Capital Arranges Refinance of University of Michigan Property

Ann Arbor, Mich. — Beech Street Capital has arranged a $10 million CMBS loan to refinance Corner House Lofts, a 133-bed student housing property on the University of Michigan campus.

Built in 2004, the seven-story property has a ground floor of commercial space in a separate condominium that is leased to Buffalo Wild Wings.

The fixed-rate CMBS loan has a 10-year term and a 30-year amortization schedule. Joel Mazur, vice president of Beech Street Capital's Chicago office, originated the transaction and secured the financing.

More Latest News

Industry Headlines from the Web

U-Mary building new on-campus housing - Bismarck Tribune 22 May 2013 | 6:16 pm
Council gives first OK to student housing on airport property - The Republic 22 May 2013 | 3:42 pm
The unexploited goldmine that is student housing - Daily Nation 22 May 2013 | 3:07 pm
Revised Fourth Street plan for U of L student housing submitted - The Courier-Journal 22 May 2013 | 4:19 am
Hallowed English colleges at odds over student housing - Globe and Mail 21 May 2013 | 8:01 pm
PrivatePortfolio Group Pays $68M for Scottsdale M-F Complex; $40M Student ... - Commercial Property Executive (blog) 21 May 2013 | 3:59 pm
Problem Solver: Dorm dispute at Northern Illinois University could put student ... - Chicago Tribune 21 May 2013 | 12:11 am
Slight Increase For CSI Student housing - KMVT 20 May 2013 | 9:45 pm
City Council to vote on student housing Tuesday - The Republic 20 May 2013 | 2:40 pm
Dishing About Designs in Student Housing - GlobeSt.com 20 May 2013 | 9:44 am

JoomlaStats Activation

Your are currently browsing this site with Internet Explorer 6 (IE6).

Your current web browser must be updated to version 7 of Internet Explorer (IE7) to take advantage of all of template's capabilities.

Why should I upgrade to Internet Explorer 7? Microsoft has redesigned Internet Explorer from the ground up, with better security, new capabilities, and a whole new interface. Many changes resulted from the feedback of millions of users who tested prerelease versions of the new browser. The most compelling reason to upgrade is the improved security. The Internet of today is not the Internet of five years ago. There are dangers that simply didn't exist back in 2001, when Internet Explorer 6 was released to the world. Internet Explorer 7 makes surfing the web fundamentally safer by offering greater protection against viruses, spyware, and other online risks.

Get free downloads for Internet Explorer 7, including recommended updates as they become available. To download Internet Explorer 7 in the language of your choice, please visit the Internet Explorer 7 worldwide page.