The loan is secured by a community serving students of the University of West Virginia.
Morgantown, W.V. — Walnut Creek, Calif.-based Bridge Partners has purchased a loan secured by a 994-bed student housing community located in Morgantown that serves students of West Virginia University. The acquisition was made on behalf of Bridge Partners’ $250 million discretionary fund, which purchases non-performing multifamily loans in primary and secondary markets.
— Coleman Wood
*3/16 – Correction: University of West Virginia was corrected to West Virginia University.