Student Housing Loan

CommercialBanc Multifamily Lending Group offers dedicated student housing loans through its Agency-Series™ Multifamily Loan Program.
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The Agency-Series™ Student Housing Loan Program is a customized multifamily loan program that addresses the special needs financing of the student housing market. Borrowers can expect flexible financing terms, including supplemental loans, structured transactions, and fast execution.
CommercialBanc Dedicated Student Housing Loan Program Overview

Dedicated Student Housing Loans are available based on the following general program guidelines. Exceptions to standard terms are made on a case-by-case basis. Contact a Multifamily Lending Expert at 1-888-706-BANC, to learn more.
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Eligible Properties Existing, stabilized properties that have a student tenant base and are not readily convertible to conventional multifamily housing.
Properties typically have undergraduate or graduate students comprising a minimum of 80% residency that were specifically constructed as student housing facilities, or built as conventional multifamily housing that function as dedicated student housing.
Eligible properties typically are located at or near a college or university with a minimum of 10,000 students, the majority of which are full time. Property should be located within a two mile radius of campus.
Student Housing Minimum Loan Size $1 million
Pricing Fixed rate pricing with fixed term to 10 years.
Location Nationwide
Amortization 25 years. Exceptions may be available on a case-by-case basis.
Maximum LTV 75%
Minimum DSCR 1.30:1
Minimum Vacancy 10%
Eligible Borrowers Single and multi-asset. Strong borrower with proven track record in student housing.
Food Service Not permitted
Leases 12 month leases required with parental guarantee or credit worthy students that are employed.
Forward Commitments Not permitted. Exceptions may be made on a case-by-case basis.
Rate Lock Extended rate lock available.