Summary:
- S3 Capital arranged a $131.5 million refinance and construction loan to develop a 28-story purpose-built student housing tower at 465 W. 165th St., Washington Heights, Manhattan, on behalf of Edge Property Group.
- The project will deliver 276 units and 321 beds within 148,074 net rentable residential square feet, targeting students from nearby universities and hospitals.
- This transaction marks S3 Capital’s entry into the purpose-built student housing sector, aligning with its strategy to address supply constraints in residential markets.
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