BridgeInvest Closes a $10.6 MM Refinance Loan in Tallahassee, FL

1st Priority Mortgage Loan

Loan Amount
Property Type
Student Housing
Tallahassee, FL

BridgeInvest is excited to announce the closing of a $10.6 million refinance loan that is senior secured by a 320-bed student housing property for Florida A&M University students. The 95% occupied property is part of FAMU’s off-campus housing supply, located just 0.6 miles from campus.

Transaction Highlights:

  • Cash-neutral refinance
  • Mark-to-market business plan
  • Tertiary university with sub-10K students
Transaction media