Commercial real estate developer and property management company, Trimark Properties, has secured $22 million in refinancing for three off campus student housing properties in Gainesville, Florida. The portfolio, Savion Park, Tuscana, and Solaria II, consists of 157,000 sqf of space in 114 units. The 10-year fixed rate loan, was sourced through Paul Ahmed of Walker & Dunlop, who arranged the financing with JP Morgan.
“Trimark Properties has done an outstanding job of revitalizing the apartment market near the University of Florida by designing a dynamic community of luxury student housing,” said Paul Ahmed, Walker & Dunlop. “The property benefits from a highly-visible location where tenants are excited to live. With the consistent addition of modern, quality features, the properties will continue to see success making them a prime investment opportunity for lenders.”
