COLLEGE STATION, TX--HALL Structured Finance (HSF) has announced that the company has closed a $29.6-million first lien loan for a to-be developed student housing complex at Texas A&M University in College Station.

The Holleman Village development will ultimately contain 19 three-story buildings offering 432 furnished units with 792 beds, a three-story clubhouse and leasing office, and 1,020 surface parking spaces. The community's amenities are designed to meet the demands of full-time university students.

"Opportunities in the student housing market are of particular interest to HALL Structured Finance right now," says Mike Jaynes, president of HSF. "For the Holleman Village development, our team's related real estate and finance expertise allowed us to quickly analyze and understand the details associated with this new construction project for the largest university in Texas. We are eager to look at similar deals in the near term and have ready capital to work with."

Spanning more than 30 acres and located 1.5 miles south of the Texas A&M campus, the Holleman Village site sits between two other successful student-housing complexes. The community will feature an outdoor pool, a picnic area with barbecue grills and a state-of-the-art fitness facility. An established university system bus stop sits right in front of the property.

All Holleman Village units will be fully furnished and will be built with high-end finishes such us granite countertops, stainless-steel appliances, full-size washers and dryers, hardwood-style flooring in living areas, and cable and high-speed Internet outlets in bedrooms and living spaces.

The project will be built in phases with some of the units available for the fall 2016 semester. The remainder of the units are planned to deliver in time for the spring 2017 semester.