Summary:
- Knighthead Funding issued a $39.75 million first mortgage loan to refinance Stadium Crossing, a 226-unit, 734-bed student housing property in Bloomington, Indiana.
- The property is situated directly across from Indiana University Memorial Stadium, serving the university’s student housing market.
- Varsity Properties, the long-term owner and operator of Stadium Crossing, secured the refinancing to support continued management of the established community.
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