Three Luxury Student Housing Communities Near UF Get $22M Refi
- Jul 25, 2016
Trimark Properties received a 10-year, fixed-rate loan with a 30-year amortization schedule for three of its properties: Solaria II, Tuscana, and Savion Park. Paul Ahmed, senior vice president of the company’s Fort Lauderdale, Fla., office led the Walker & Dunlop team.
Located in close proximity to the University of Florida’s Sorority Row and downtown Gainesville, the luxury apartments are in a prime location to serve the high-demand student housing market. The three student housing communities comprise 114 units and a total of 157,000 square feet. Residential amenities include private balconies, internal courtyards, parks with jogging paths, electric wine chillers, as well as 24-hour concierge.
“Trimark Properties has a record of consistent quality in their services and design. Savion Park, Tuscana, and Solaria II are performing well and are in excellent condition as a direct result of their design and high-quality construction,” said Ahmed in prepared remarks.
Image courtesy of Yardi Matrix