INDIANAPOLIS, IN – The Indianapolis office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has secured refinancing for Campus Habitat 9, (top left photo) an 82-unit student housing community adjacent to Campbell University in Lillington, North Carolina.HFF senior managing director Dave Keller (bottom right photo) and associate director David Ross worked on behalf of Campus Habitat to secure the five-year, 7.0% fixed-rate loan with Coastal Federal Credit Union. New York City-based Campus Habitat acquires, renovates and manages student housing communities throughout the United States.
HFF also arranged refinancing in August for a student housing community at Vincennes University in Indiana on behalf of Campus Habitat.
“We were very excited to have a second opportunity to work with Campus Habitat and to once again help them achieve their financing objectives in today’s challenging capital markets,” said Ross.
Campus Habitat 9 is located at 25 Landis Lane adjacent to Campbell University, a private Baptist institution situated halfway between Raleigh and Fayetteville in Lillington, North Carolina. Completed in 2005, the Class A property has single, one-, two-, three- and four-bedroom units with a total of 224 beds. Property amenities include a sand volleyball court, gaming room and fitness center.
“Campus Habitat 9 is the only dedicated student housing asset in the Campbell University market and as a result is tremendously popular with students. However, the size of the University [9,400 students] and surrounding community [population 3,300] required HFF to be innovative and persistent in the placement and successful completion of this assignment,” added Keller.Contacts:
David B. Keller, HFF Senior Managing Director, (317)630-3191, dbkeller@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, ,(713) 852-3500, krmurphy@hfflp.com
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