HRC Closes $85MM in 3 deals for Pref Equity, Perm and Bridge

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).

Marriott TownePlace

$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.

Village Walk

$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.

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