WACO – A $9.1 million loan has been secured to enable the acquisition of West Campus Lofts, a 72-unit/180-bed student housing complex.
Located at 805 South 8th St., the property consists of one-, two-, three-, and four-bedroom units.
As of March 2018, the property is 85 percent physically occupied and the average rent is $714/bed.
The loan was provided by Hunt Mortgage Group to California Private Capital Group, LLC in order to finance the acquisition and complete the lease-up of the complex.
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