NorthMarq Secures $7 Million Refinancing for 134-Bed Community Near the University of Texas at Austin

Lone Star Lofts offers shared amenities including a swimming pool and hot tub. (Image courtesy of 24thstreetrealty.com) Lone Star Lofts offers shared amenities including a swimming pool and hot tub. (Image courtesy of 24thstreetrealty.com)

Austin, Texas — NorthMarq has secured a $7 million refinancing for Lone Star Lofts, a 134-bed student housing community located near the University of Texas at Austin.

Robert Ranieri of NorthMarq secured the floating-rate loan on behalf of the borrower, Arlington Capital Austin, through Freddie Mac. The financing features a seven-year term and a 30-year amortization schedule. Lone Star Lofts offers studio, one-, two-, three- and four-bedroom units. Shared amenities include a swimming pool, hot tub and courtyard. 

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