Three Luxury Student Housing Communities Near UF Get $22M Refi

Three luxury communities serving University of Florida students received the loan, thanks to Walker & Dunlop.

Gainesville, Fla.Walker & Dunlop recently arranged a $22 million refinance loan for Trimark Properties, backed by three Class-A student housing communities in Gainesville, Fla.

Savion Park

Savion Park

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