Skip to content
$5,500,000 | Oxford, MS building

$5,500,000
Oxford, MS

Transaction Type

Acquisition

Non-Recourse

Loan Type

Permanent Loan

Situation & Challenges

  • Purpose-built student housing complex with 36 units/108 beds
  • New construction
  • Property was master-leased for 5 years to a local sorority chapter
  • No operating history as property was newly constructed

Solutions & Highlights

  • The University of Mississippi had positive enrollment, with limited on-campus housing, which pushed students to move off-campus
  • Units are cottage-style with full amenities including clubhouse, workout facility, and pool
  • Sponsor was a seasoned real estate investor who owned other multifamily properties in the U.S.
  • Borrower sold the property; new owner assumed the A10 permanent loan
  • 10-year loan term