Tuscaloosa, Ala. — Walker & Dunlop has provided a refinancing for The Cottages at Lake Tamaha, a 1,300-bed student housing community located near the University of Alabama in Tuscaloosa. The financing was structured through Freddie Mac on behalf of the owner, Cardinal Group Investments, and features five years of interest-only payments and a seven-year loan term. Will Baker, Doug McDaniel and William Shell of Walker & Dunlop provided the financing. Tim Bradley of TSB Capital Advisors brokered the transaction. Further terms of the financing were undisclosed. The Cottages at Tamaha …
TSB Capital Advisors
San Antonio, Texas — TSB Capital Advisors has secured acquisition financing for Hill Country Place, a 696-bed student housing community located near the University of Texas at San Antonio.
Bethesda, Md. — Walker & Dunlop Inc. provided $695 million in 2014 in financing for off-campus student housing properties throughout the United States. This is an increase of 160 percent from 2013.
Tier 2 Attraction University enrollment growth, better pricing and more financing options make for strong investments in non-flagship student housing markets.
Scottsdale, Ariz. — The deals include 1,200 units and 4,170 beds.
College Station, Texas; Kennesaw, Ga.; and Durham, N.H. — JV to build at three schools.