Oxford, Miss. — Greysteel has secured the refinancing of Wellington Place, a 154-bed student housing community located near the University of Mississippi in Oxford.
Griffin Papaila and Daniel Hartnett of Greysteel placed the 10-year, fixed-rate financing through Freddie Mac on behalf of an undisclosed borrower. The non-recourse loan features a 70 percent loan-to-value ratio.
The community was built in 2019 and offers three- and four-bedroom, townhome-style units. Shared amenities include a five-acre lake with a large dock; an infinity swimming pool with a large hot tub and cabanas; a 10,000-square-foot clubhouse and amenity center; two yoga studios; a conference room; arcade; and convenience store.