BridgeInvest Closes a $54.3 MM Refinance Loan in Philadelphia, PA
1st Priority Mortgage Loan
Loan Amount
$54,000,000
Property Type
Student Housing
Location
Philadelphia, PA
BridgeInvest is excited to announce the closing of a $54.3 million refinance loan that is senior secured by a 796-bed student housing property for Temple University students in Philadelphia, PA. The Sponsor just completed a full renovation of the property and will seek to stabilize the asset in the 2025/2026 school year.
Transaction Highlights:
- Repeat Borrower
- Recently completed $20 million renovation plan
- Closest private student housing property to the campus
