STUDENT HOUSING FINANCE

Since 1977, Ocean Pacific Capital has specialized in commercial mortgage loans with an emphasis on student housing financing. Our commercial mortgage department offers commercial mortgage loans on properties varying from, but not limited to: student housing buildings, apartments, commercial centers, industrial buildings, strip centers, mobile home parks, subdivisions, office buildings, mixed use centers, senior housings, hotels, golf courses, and lot loans.

With many of the 75 million "Echo Boomers" born between 1976 and 1994 headed to college this decade, student housing finance has become an important niche in the apartment industry. The greatest increases in enrollment between 1990 and 2003 were concentrated in warmer states, such as California, Arizona, and Florida. The top growth schools for undergraduate enrollment were different from the top growth schools for graduate students enrollment, which could have meaningful implications for the type of housing needed at individual universities. Ocean Pacific Capital has been at the forefront of the growing need for structured financing of student housing buildings.

We offer fixed rate student housing finance loans as well as interest only loans. Whether it is a student housing purchase loan, student housing construction loan, or a student housing refinance loan, we offer commercial mortgage debt coverage ratios as low as 1.05 to 1.35. We also offer adjustable and fixed programs on student housing loans. Student housing loan to cost up to 100% as well as loan to value up to 90% ratios. 5,10, 20, 25, to 30 year financing is available for student housing financing.

Ocean Pacific Capital will provide student housing financing for projects with loan amounts starting at $1 million to $1.3 billion. Our access to over 87 aggresive direct lenders offers comprehensive commercial mortgage loan selection and solutions for more property types and commercial mortgage loan scenarios with an efficient and cost perspective. Our commercial mortgage loan department offers the best commercial mortgage rates in the market.

For more information on our best student housing loan programs please contact us today. For more information on our commercial loan programs and to view our recent closings please visit our commercial page. Our experience has helped our clients find the commercial mortgage loan best suited for their needs and that experience can find that perfect student housing loan you are looking for.

 

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Commercial Real Estate News & Analysis

Manhattan Tower Sells for $1B
Silverstein Properties and the California State Teachers’ Retirement System (CalSTRS) have joined together to purchase the Manhattan Tower located at 1177 Avenue of the Americas for just over $1 billion.  The 47-story tower consists of just over one million square feet, making the sale about $1000 per square foot. The art deco tower was designed by Swanke [...]
280 Park Avenue Sold For $1.28B
Broadway Partners and Investcorp Real Estate have joined together to purchase 280 Park Avenue Istithmar for $1.28B.  The Property consists of two towers totaling 1,237,000 square feet, making the sale just over $1000 per square foot.  The Dubai based firm Istithmar purchased the towers in June 2006 for $1.2B.  The towers stand tall at 31 and 43 stories, bridged together by a [...]
Germans buy the Rookery for $73M
An unknown wealthy German family purchases the Rookery for $73.4M from Broadway Partners.  The 285,706 square foot building is located at 209 South LaSalle Street, Chicago.  The twelve story building was constructed in 1888 and renovated in 1991.  The building is a National Historical Landmark and has received numerous design awards.  At the time of sale it was reported [...]
Professional Packaging Systems Leases 104,000SF
Professional Packaging Systems LLP will occupy 104,000 square feet of industrial space in Grand Prairie, Texas.  The property is located at 2002 Avenue R, just south of the North Carrier Parkway and East of the Great Southwest Parkway.  The property is owned by ML Realty Partners headquartered in Addison, Texas.  Professional Packaging Systems is a national discount supplier [...]
Surface Guard Leases 107,000SF
Surface Guard Inc. renewed a lease of 107,000SF in Aurora.  The lease is comprised of two buildings, located at 515 and 615 Enterprise Street.  The two buildings are owned and managed by Duke Realty. No information was made available regarding the lease rate. Surface Guard specializes in the manufacturing of surface protection films.   Surface Guard was represented by [...]

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