SAN BERNARDINO, CA—HFF has arranged $40.84-million in financingfor The Glen at University Park, a 520-bed student housingdevelopment. The building will serve the California StateUniversity campus in San Bernardino, CA.
Working exclusively on behalf of a venture betweenUniversity Park Promenade & Shops LLC—anaffiliate of J.R. Watson & Associates—andCapstone Development Partners LLC, HFF placed thethree-year, floating-rate construction loan with Bank ofthe Ozarks.
Due for completion in September 2015, the Glen at UniversityPark will be located at the northwest corner of University Parkwayand West Northpark Boulevard directly across from the main entranceof the University. The fully-furnished units will includefive-bedroom/five-bath and four-bedroom/four-bath floor plans in anupscale townhome-style design.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.