November 18, 2019
Walker & Dunlop has structured Freddie Mac financing for The Cottages at Lake Tamaha, a 1,300-bed student housing property at the University of Alabama in Tuscaloosa. The borrower and amount of financing was not disclosed.
Built in two phases, in 2009 and 2010, The Cottages at Lake Tamaha consists of 294 cottage-style homes, and caters to students of The University of Alabama seeking off-campus housing. Community amenities include a cyber café, clubhouse, game room, movie theater, tanning beds, outdoor grilling area and amphitheater. The property also offers ample recreational space, with a swimming pool, fitness center, indoor golf range, putting green, as well as volleyball, basketball and tennis courts.
Will Baker, William Shell and Doug McDaniel of Walker & Dunlop provided the debt, working alongside Tim Bradley of TSB Capital Advisors, who brokered the transaction.
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