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07

Upstate Student Housing Dev. Gets Funding

By Tony Seruga

Cocktails and market intelligence are on the agenda at RealShare NEW YORK on October 14 from 1:30 pm – 7:00 pm. Register today to confirm your space.

The Class A, five-story student housing apartment building will offer 115 units with 277 beds and encompass 197,424 square feet.

ALBANY—A new student housing project in Albany, in close proximity to several universities, is set to go forward after the joint venture partners who own the property have lined up financing.

Joseph Merrill Capital has structured a nearly $22 million construction loan for a joint venture between Capital Solutions, Aspen Heights and GSX Solutions for the development of student housing apartment complex at 1475 Washington Ave. in Albany, GlobeSt.com has learned EXCLUSIVELY. The construction financing carries an interest rate inside of 3.00% and completes the capital stack need by the sponsorship group to develop the asset…

Upstate Student Housing Dev. Gets Funding

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