Grandbridge Secures $17.8 Million Acquisition Financing for 653-Bed Community Near Purdue University

by Katie Sloan

West Lafayette, Ind. — Grandbridge Real Estate Capital has secured $17.8 million in acquisition financing for Quarters at West Lafayette, a 653-bed student housing community located near Purdue University.

Brett Olson and Dick Riley of Grandbridge arranged the floating rate, first mortgage loan on behalf of the borrower, The Tailwind Group, through an undisclosed bank. The loan is structured with a six-month period of interest-only, followed by a 30-year amortization. 

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