Memphis Student Housing
$7,000,000 Preferred Equity
Highland placed $7MM of pref equity up to 85% LTC for a student housing acquisition. The pref equity will serve as a placeholder until the Sponsor rases equity through a Delaware Statutory Trust (DST).
$11,700,000 Permanent Loan
Highland placed an $11.7MM CMBS perm loan to acquire takeout the construction loan on a 124-key, 2015 vintage, TownePlace Suites by Mariott in Laredo, TX.
$66,500,000 Bridge Loan
Highland negotiated a $66.5MM bridge loan to finance Village Walk, a 149,000 SF Whole Foods-anchored retail center in Tarzana, CA.