NorthMarq Arranges $13.4 Million for Student Housing Construction

Stillwater, Okla. — The property will serve Oklahoma State University.

Stillwater, Okla. — The Dallas regional office of NorthMarq Capital has secured $13.4 million in construction financing for a new 194-unit student housing facility near Oklahoma State University. The mid-rise property, to be located at 213 W. Elm Ave., offers one- and two-bedroom floorplans. The loan includes a three-year term with one year of interest-only payments and a 30-year amortization schedule. Stephen Whitehead of NorthMarq arranged the terms for borrower Elsey Partners LLC.

 

 

 

 

 

 

 

 

 

 

 

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