Perm Financing – 52-Unit Student Housing

permanentstudent-housing

$11,400,000

Perm Financing – 52-Unit Student Housing

Bellingham, WA

Permanent financing for Samish Station, a 52-unit student housing property (two buildings: 24 and 27 units). 100% occupied at application despite COVID disruptions. Open to prepayment anytime, no debt service reserves required.

Deal Terms

Loan Amount$11,400,000

Term8 Years

Rate3.375% Fixed

LTV74%

Amortization24 Mo IO, 28 Yr thereafter

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