HFF Arranges $30.4 Million Recapitalization of Two Student Housing Communities Near the University of Georgia

River Club Townhomes near the University of Georgia offers shared amenities including a swimming pool. (Image courtesy of riverclubathens.com) River Club Townhomes near the University of Georgia offers shared amenities including a swimming pool. (Image courtesy of riverclubathens.com)

Athens, Ga. — HFF has arranged the $30.4 million recapitalization of River Club Apartments and River Club Townhomes, two student housing communities operated as a single property near the University of Georgia in Athens.

David Keller and Mark Sixour of HFF worked on behalf of the borrower, an entity managed and controlled by The Scion Group, to secure the seven-year, floating-rate loan through Freddie Mac’s CME Program. The securitized loan replaced existing Fannie Mae financing, and will be serviced by HFF.

River Club Apartments offers two-, three- and four-bedroom units with bed-to-bath parity adjacent to River Club Townhomes, a 32-acre, gated property offering three- and four-bedroom townhomes. Community amenities at both properties include swimming pools; volleyball, tennis and basketball courts; fitness centers; computer labs; car wash stations; private tanning salons; and on-site bus stops with service to the University of Georgia.

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