Scottsdale, AZ – August 7, 2023 – Arriba Capital announces that it recently closed a $28,500,000 construction loan for a 199 unit/339 bed Class A student housing development at Texas A&M, the largest public university by enrollment in the U.S.
Each unit will have a full kitchen and bathroom, washer & dryer, walk-in closet, study desk, and dinning. The property will have structured parking and on-site Management and maintenance. Amenities include a pool, fully equipped gym, outdoor fitness area, game room, Study lounges, high-speed internet, camera surveillance, electronic locks, Controlled Access, Business Center, Bike Storage room, and a Package room. The property will be 3rd party managed by Asset Living which manages over 230 student housing properties consisting of over 130,000+ beds.
McGough is the General Contractor and BKV Group is the architect The Borrower is an experienced, privately-held, student housing development group based in the South. Arriba has financed multiple projects for the Borrower.
Arriba Capital is a fully-integrated, commercial real estate finance and investment company. We provide asset management, investment banking, capital markets services and advisory solutions. Our seasoned professionals – many of whom have more than 10 years of experience, have worked with hundreds of developers and investors by offering insight and analysis for structuring projects, repositioning assets, negotiating payoffs and providing guidance to enable our clients to achieve successful results in these rigorous markets. Our track record of completed transactions speaks volumes in our ability to execute and deliver competitive and innovative realty capital.
To learn more, please visit: http://www.arribacapital.com