CBRE Capital Markets arranges financing of student housing portfolio

August 11, 2014  |  Staff Writer  |  Print Article  |  Email this Article


CBRE Capital Markets recently secured $17.3 million of permanent debt financing on behalf of student housing owner/operator for the refinance of a twelve-property student housing portfolio located in Champaign-Urbana, Illinois. The transaction was led by Vice President John Parrett and Senior Analyst Jennifer Schuck of CBRE Chicago’s Capital Markets Debt & Structured Finance Team.

CBRE was engaged by Illinois Properties Inc. to refinance twelve student housing assets located on and around the University of Illinois campus in Champaign-Urbana, Illinois. The property sizes range from 6 to 34 units per property, totaling 163 units.

CBRE procured fixed rate non-recourse financing with a life insurance company on behalf of the borrower. The financing consisted of two cross-collateralized loans with varying maturity dates.

Tags | ,

© 2017 Real Estate Communications Group. Duplication or reproduction of this article not permitted without authorization from the Real Estate Publishing Group. For information on reprint or electronic pdf of this article contact Mark Menzies at 312-644-4610 or

Leave a Reply