Greenville, N.C. — Meridian Capital Group has negotiated a $7.3 million loan for the refinance of Campus Towers Apartments, a luxury student housing property located at East Carolina University in Greenville.
The 10-year loan, arranged on behalf of University Communities LLC, provided by a balance sheet lender, features a fixed-rate of 3.77 percent and a 30-year amortization schedule. The transaction was negotiated by Emil DePasquale, senior vice president, and Brandon Harris, vice president.
The eight-story luxury student housing property totals 154 units, and is located within walking distance from East Carolina University, as well as downtown Greenville. Campus Tower Apartments features amenities including fully furnished apartments, a clubhouse with cyber lounge, on-site parking, a laundry room, resident activities and an outdoor courtyard with a fire pit.