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Diligence Capital Advisors Sources Ground Up Construction Loan for 40-Bed Student Housing Project
Demand For Off Campus Temple University Student Housing Remains Strong
DCA was able to procure 80%+ leverage with interest only construction rates in the very low 4% range. Additional terms of the transaction are not available at this time.
"We are proud to be a part of an important, purposeful project of this nature. The Temple University Off-Campus Housing Submarket continues to harden amidst macro-economic uncertainty and reservation. Our ability to structure and close on a loan catered to a ground-up project of this nature speaks volumes about not just the submarket but the strength of sponsor involved in the transaction."
The Diligence Capital Advisors team has sourced and/or closed senior debt, mezz debt, JV equity and preferred equity deals valued over 2 billion dollars.
About Diligence Capital Advisors
Diligence Capital Advisors is a Capital Solutions Firm based in Philadelphia, PA Haddonfield, NJ. The principals of Diligence Capital Advisors have sourced and/or closed senior debt, mezz debt, JV equity and preferred equity deals valued over 2 billion dollars. If you have a real estate project in the Philadelphia or New Jersey market that requires debt or equity, contacts Diligence Capital Advisors at http://www.DiligenceCapitalAdvisors.com