Student Housing in Metro Orlando Lands $15M Financing

By IvyLee Rosario, Associate Editor

Orlando—HFF has arranged a $15.2 million finance deal for Riverwind at Alafaya Trail Apartments, a 110-unit student housing community sitting on 8.5 acres of land in Oviedo, Fla.

Riverwind at Alafaya Trail Apartments

Working on behalf of Riverwind at Alafaya Trail Ltd. Partnership, HFF placed the 20-year, fixed-rate loan through Aegon USA Realty Advisors LLC, a U.S.-based real estate asset manager and a member company of Aegon Asset Management.

Located 15 miles northeast of downtown Orlando, the property has been completely occupied for the last five years and offers two and four bedroom floor plans averaging 1,532 square feet. Amenities include a fitness center, swimming pool, spa, game room, theater and lounge.

The HFF debt placement team representing the borrower was led by Director Trent Niederberger and Associate Director Brett Moss.

“HFF was honored to assist the borrower in executing their strategy of securing long-term, fixed-rate debt for an asset that has historically performed very well given its proximate location to University of Central Florida,” Moss said in prepared remarks. “The marketing process was extremely competitive, however Aegon ultimately provided the most compelling loan terms and structure that met the client’s needs.”

Riverwind is situated along the Alafaya Trail/State Highway 434 north of the University of Central Florida, the nation’s second largest university.

Image courtesy of Yardi Matrix