Selecting the right construction lender for your student housing project is often as important as choosing the right contractor, leasing manager and rental rates for your property. Closing and construction delays that cause a missed opening date can drastically reduce returns and stigmatize a project that can take years to overcome.
stonemont financial group
San Marcos, Texas — Stonemont Financial Group and The Preiss Co. will develop and complete the Ella Lofts, a 252-bed luxury off-campus student housing community on the north side of the Texas State campus in San Marcos.
Now is an opportune time for developers and investors to consider investing in the Tier 2 student housing real estate market. As the Tier 1 market becomes crowded and overly competitive for both investors and developers, Tier 2 student housing markets are becoming more popular with students and giving investors greater yield and room to grow.