SunTrust Arranges $13.3 Million Acquisition Financing for 273-Bed Community Near Cornell University

by Katie Sloan

Ithaca, N.Y. — SunTrust Banks has arranged $13.3 million in acquisition financing for Gun Hill Residences, a 273-bed student housing community located near Cornell University in Ithaca. Yuchen Yang and Artin Anvar of SunTrust worked on behalf of the borrower, DMG Investments, to secure the financing through Freddie Mac. The loan features a 10-year term with a 30-year amortization schedule. 

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