College Station, Texas — VistaPointe Partners has secured a $29.6 million construction loan for a 432-unit student housing development called Holleman Village in College Station near the campus of Texas A&M University.
VistaPointe Partners secured the financing on behalf of the project’s developer, Holleman-College Station LP. Dallas-based Hall Structured Finance provided the financing for the deal.
Located at the corner of Harvey Mitchell South/State Highway 2818 and Holleman Drive, the development is located 1.9 miles from the Texas A&M campus and will include 792 beds.
Holleman Village will include 19 three-story buildings, a three-story clubhouse and leasing office, and 1,020 parking spaces.
Construction on the project has already begun and it is slated to open in August 2016.