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July 27, 2016 Comments Off on NYC’s Park 7 Obtains $86M to Build Southern Student Housing Views: 413 Dallas-Fort Worth, Louisiana, National News, New York, Northeast, Southeast, Southwest, Texas, Texas News

NYC’s Park 7 Obtains $86M to Build Southern Student Housing

Park 7 Group, headquartered in New York City, has received a total of $86 million in construction financing to build two student housing properties that will serve Baylor University in Waco, TX and Louisiana State University in Baton Rouge, LA.

Benjamin Roelke of CBRE’s Dallas office and David Meese of CBRE’s Pittsburgh office arranged two separate three-year, interest-only loans with extension options on behalf of the borrower, with financing provided by three different regional and commercial banks.

Park Place at Baylor will be located on Baylor Avenue between 9th and 10th Streets, a five-minute walk to campus. Park Place at LSU will be adjacent to LSU. Both properties are slated to complete construction and lease up in the summer of 2017.

Connect with Park 7 Group

Connect with CBRE’s Roelke

Connect with CBRE’s Meese

For comments, questions or concerns, please contact Amy Sorter

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