Maverick Arranges $5.4 Million Loan for Student Housing Community Near West Virginia University

by Katie Sloan

Morgantown, W.Va. —  Maverick Commercial Mortgage Inc. has arranged a $5.4 million loan for the refinancing of a 114-bed student housing property situated adjacent to the campus of West Virginia University in Morgantown. The name and address of the 34-unit property was not disclosed. Maverick Commercial arranged the 10-year, fixed-rate loan with a 25-year amortization schedule through an unnamed national bank on behalf of the borrower, a national developer based in Indianapolis.

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