Diligence Capital Advisors Sources Ground Up Construction Loan for 40-Bed Student Housing Project

PHILADELPHIA - Rezul -- Diligence Capital Advisors (DCA) is excited to announce that it has sourced, structured and closed a new construction loan for a prominent student housing developer for a project located in the highly-coveted Temple University Off-Campus Housing Submarket. The project is approved for the construction of a multi-unit student housing property able to house up to 40 students.

DCA was able to procure 80%+ leverage with interest only construction rates in the very low 4% range. Additional terms of the transaction are not available at this time.

"We are proud to be a part of an important, purposeful project of this nature. The Temple University Off-Campus Housing Submarket continues to harden amidst macro-economic uncertainty and reservation. Our ability to structure and close on a loan catered to a ground-up project of this nature speaks volumes about not just the submarket but the strength of sponsor involved in the transaction." said Diligence Capital Advisors Managing Partner Jared Cobert.

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The Diligence Capital Advisors team has sourced and/or closed senior debt, mezz debt, JV equity and preferred equity deals valued over 2 billion dollars.

About Diligence Capital Advisors

Diligence Capital Advisors is a Capital Solutions Firm based in Philadelphia, PA Haddonfield, NJ.  The principals of Diligence Capital Advisors have sourced and/or closed senior debt, mezz debt, JV equity and preferred equity deals valued over 2 billion dollars.  If you have a real estate project in the Philadelphia or New Jersey market that requires debt or equity,  contacts Diligence Capital Advisors at http://www.DiligenceCapitalAdvisors.com

Press Contact:
Jared Cobert
jcobert@DiligenceCapitalAdvisors.com

215-873-6117