Arlington, Texas — Campus Village Davis has borrowed an $8.02 million loan to construct Maverick Village, a student housing complex. The 72-unit property will be developed on a 3.45-acre parcel at the University of Texas’ Arlington campus. A local credit union financed the floating-rate loan, which carries an initial 2-year term followed by 3 years of mini-perm financing. Matt Greer of Berkadia Commercial Mortgage’s Austin office arranged the loan.
— Jon Ross