Philadelphia — Grandbridge Real Estate Capital has arranged a $35.8 million refinancing for The Edge, a student housing community located near Temple University in Philadelphia.
The 1,067-bed property recently underwent a $2.5 million renovation, and offers shared amenities including a two-story fitness center, study rooms, grill stations and laundry facilities. Gill Dolan and Blake Willeford of Grandbridge originated the transaction. The floating rate loan was arranged through Freddie Mac. The property is owned by Campus Living Villages.