HFF has arranged $26.7 million in refinancing for a 19-property student housing portfolio totaling 245 beds in Los Angeles. The company represented the borrower Mosaic Investment Partners LLC, to secure the five-year, fixed-rate loan.
The properties total more than 81,000 square feet and are located less than one mile from the campus of The University of Southern California. The student housing communities offer convenient access to various dining, shopping and entertainment venues including 7-Eleven, Starbucks, LA Memorial Coliseum, Natural History Museum of Los Angeles and Slauson Super Mall. Additionally, USC Village is nearby, with more than 104,000 square feet of shopping, dining and exercising options.
Senior Director Greg Brown and Associate AJ Manas were part of the debt placement team that worked on behalf of the borrower. In another recent deal, HFF represented The Dermot Co., to secure the acquisition of a 126-unit luxury multifamily property in Brooklyn’s Windsor Terrace submarket.
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