Student Housing Loans 

Student Housing Loans are reserved for properties that are located within 2 miles of campus, and where at least 80% of the tenants are students.   Normally, student housing properties are built specifically for a college however some have been constructed as a typical multifamily property but are used for dedicated student housing.

In general, these properties qualify for excellent loan programs with amortization schedules up to 25 years, terms to 10, loan to values to 75%.  Long term fixed rate financing is common.  In addition, non-recourse is available, with standard exceptions for events related to fraud and misapplication of funds..  Other underwriting considerations include debt coverage ratios as low as 1.25.

If you are interested in purchasing or refinancing an existing student housing loan, please fill out our pre approval form so that we can provide you meaningful answers.  Should only take a few minutes to get done.  With the information you provide, we can give you accurate, meaningful answers.