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$14,500,000 | Fayetteville, AR building

Fayetteville, AR

Transaction Type



Loan Type

Bridge Loan

Situation & Challenges

  • Nine buildings/232-units property near the University of Arkansas
  • Property was 68% leased at closing

Solutions & Highlights

  • Leasing velocity improved during the academic year and was on track to reach full stabilization
  • Sponsor appointed a new management firm with student housing experience to operate the asset
  • 3-year term plus extensions