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San Marcos, Texas — Orion Real Estate Partners has refinanced The Timbers, a 253-bed student housing community located near the Texas State University campus in San Marcos. Dan Kearns, Patricia Heminger, Rebecca Brielmaier and Katia Novi of JLL worked on behalf of the borrower to place the loan through Freddie Mac, which will be serviced by JLL Real Estate Capital. Located at 900 Peques St., the community offers 155 units in one-, two- and three-bedroom configurations. Select apartments offer wood-burning fireplaces and vaulted ceilings. Shared amenities include a clubhouse with an arcade, pet park, full basketball court, 24-hour fitness center, barbecue station and a swimming pool overlooking downtown San Marcos.