Loan Type: Permanent Financing

Loan: $2,900,000

This portfolio consisted of five contiguous newly-constructed student-housing apartment buildings located two blocks from the heart of the Temple University Main Campus. The properties contain twelve units and 55 beds. The $2,900,000 loan featured a fixed interest rate of 3.6% and 75% LTV with a seven year term and 25 year amortization schedule.