Tallahassee, Fla. — Berkadia has secured $17.5 million in construction financing for a 143-key Hotel Indigo set to open as part of Urban Street Development’s FSU CollegeTown district near Florida State University in Tallahassee.
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Daytona Beach, Fla. — Mallory & Evans Development has closed on construction financing for Bellamy at Daytona, a 376-bed student housing development located in Daytona Beach, Florida.
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Auburn, Ala. — Walker & Dunlop has arranged $24.5 million in financing for Two21 Armstrong, a student housing community located adjacent to Auburn University in Alabama.
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Vermillion, S.D. — Grandbridge Real Estate Capital has secured $22.3 million in construction financing for the development of a 496-bed student housing community near the University of South Dakota in Vermillion.
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Eugene, Ore. — HFF has arranged acquisition financing for Arena District, a 244-bed student housing community located near the University of Oregon in Eugene.
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Minneapolis and Athens, Ga. — TH Real Estate — an affiliate of Nuveen, the investment management arm of TIAA — has provided separate loans totaling $129.4 million for two student housing communities located in Minnesota and Georgia.
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Athens, Ga. — HFF has arranged the $30.4 million recapitalization of River Club Apartments and River Club Townhomes, two student housing communities operated as a single property near the University of Georgia in Athens.
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Los Angeles — KeyBank Real Estate Capital has originated a $247.8 million Freddie Mac, first mortgage loan for The Lorenzo, a student housing community located in Los Angeles.
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Ann Arbor, Mich. — KeyBank Real Estate Capital has arranged $27.7 million in acquisition financing for 411 Lofts, a 97-unit community located near the University of Michigan campus in Ann Arbor.
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Bloomington, Ind. — Pillar Financial, a division of SunTrust Bank, has originated a $14.1 million refinancing for Urban Station, a 53-unit student housing community located near the University of Indiana in Bloomington.
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