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United States : CBRE Capital Markets wins $17.3 million of PERMANENT DEBT FINANCING

August 12, 2014



$17.3 million of permanent debt financing has been procured by CBRE Capital Markets recently secured $17.3 million of permanent debt financing on behalf of student housing owner/operator for the refinance of a twelve-property student housing portfolio situated in Champaign-Urbana, Illinois. Vice President John Parrett and Senior Analyst Jennifer Schuck of CBRE Chicago s Capital Markets Debt & Structured Finance Team has headed the transaction.

Illinois Properties Inc had engaged CBRE. to refund twelve student housing assets located on and around the University of Illinois campus in Champaign-Urbana, Illinois.

The property sizes range from 6 to 34 units per property, totaling 163 units. CBRE secured fixed rate non-recourse financing with a life insurance company on behalf of the borrower. The financing includes two cross-collateralized loans with varying maturity dates.


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Source: TendersInfo (India)


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