Student housing is poised for increased distress rates as leases expire and universities ponder if they will reopen campuses, according to a new report released by Trepp.
The campus is made up of dormitories, classrooms and lecture halls, administrative offices, a student center, dining halls, recreation and athletic facilities, a library, an auditorium and more.
Amid the COVID-19 pandemic, FourPoint Capital Markets was able to work successfully alongside the developer, Focal Point Development, and lender to push this loan closing across the finish line.
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