Bridge
- $17,250,000
- 696 Bed/216 Unit Student Housing
- Murfreesboro, TN
Axiom Capital Corporation announces the closing of a $17,250,000 bridge loan for the refinance of a 216-unit/696 bed premier student housing community built in 2006 in the City of Murfreesboro, Rutherford County, Tennessee (part of the Nashville MSA). Vie at Murfreesboro is located Northeast from downtown Murfreesboro, Southeast from Nashville and about 0.8 miles Northwest (~3 min. drive) of the Middle Tennessee State University (“MTSU”). University on-campus housing can accommodate 2,717 students (~12% of total enrollment) in 14 residence halls and two apartment buildings, leaving 19,700+ students (~88% of total enrollment) in need of off-campus housing, making MTSU a major source of conventional apartment demand.