Bridge Loan - Refinance
- 232 Room/628 Bed Student Housing
- College Park, MD
Axiom Capital Corporation has arranged a $45,000,000 bridge loan for the refinance of a student housing complex in College Park, MD. The non-recourse loan was for 3 years at a floating rate.
The subject property is a 628 bed (232 unit) off-campus student housing complex located on 15.65 acres. The property provides off campus apartment living for students attending The University of Maryland. Conveniently located just north of the University on the shuttle route, living at the property allows for easy access to the campus.
The City of College Park is in Prince George’s County, MD, and is about 4 miles from the northeast border of Washington, D.C. It is best known as the home of the University of Maryland, College Park, and since 1994 the city has also been home to the National Archives at College Park, a facility of the U.S. National Archives, as well as to the National Oceanic and Atmospheric Administration (NOAA) Center for Weather and Climate Prediction (NCWCP).