CBRE Arranges $48 Million Construction Loan for 745-Bed Student Housing Community Near LSU

The 745-bed Park Place development will be located adjacent to the Louisiana State University campus on Boyd Drive in Baton Rouge. The 745-bed Park Place development will be located adjacent to the Louisiana State University campus on Boyd Drive in Baton Rouge.

Baton Rouge, La. — CBRE has arranged $48 million in construction financing for the development of Park Place, a 745-bed student housing community to be located adjacent to the Louisiana State University campus in Baton Rouge.

The six-story project is scheduled for completion in 2017. CBRE secured the three-year, floating rate loan through Commercial Bank Syndication on behalf of the Park 7 Group.

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