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DEAL SPOTLIGHT

$1.6M Student Housing Acquisition | Boston, MA

Terrydale Capital

17th November 2022 · 3 min read

Today’s Deal Spotlight centers on the acquisition of a student housing asset in Boston, Massachusetts. Because our clients were looking to increase the unit count, it was imperative that construction and projection costs aligned with the current market.

What We Were Up Against

While student housing is commonplace in and around universities, it’s also a niche CRE class. As a result, preliminary communication was required to ensure our lenders were willing to finance this type of asset. We were also working against the expiration deadline on our client’s purchase and sale agreement.

What Our Team Helped Turn Around

Team TDC kicked things off by providing our lender with the necessary comps of other student housing properties in the area, which is within 5 miles of 8 different colleges. This was followed by a finalization push for development costs and timelines, ensuring full alignment with the market. In less than 45 days, we closed with our originally agreed-upon construction financing with the following terms:

In Closing

When it comes to commercial real estate financing, Terrydale Capital is the number one partner and advocate an investor can have on their side. We prioritize competitive terms and client success regardless of deal size and complexity and elevate the resources and decision-making processes available to new and experienced investors.

Want exclusive opportunities to boost your current portfolio? Visit terrydalelive.com.

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