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ITHACA, NY-A student housing complex that will eventually represent 9% of Cornell University’s off-campus housing has gotten $70 million in bridge financing via Walker & Dunlop. Collegetown Terrace Apartments, for which published reports say the developer is locally based Novarr-Mackesey, is located half a mile from the Ivy League campus.

Bethesda, MD-based Walker & Dunlop, through a team led by SVP Brendan Coleman, funded the two-year, interest-only loan through a subsidiary in conjunction with one of the institutional investors in the large-loan bridge venture it announced earlier this month. The company has specialized in providing financing for student housing properties since 1988, and in June it announced financing for off-campus housing in three separate deals worth a combined $61 million.

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