Facebook Twitter LinkedIn Google Plus RSS

HFF arranges $52.5M of financing for student housing at The College of New Jersey

By ,

HFF announced Monday that it has arranged $52.5 million of financing for Campus Town, a 446-bed, 130-unit student housing development at The College of New Jersey.

According to the announcement, HFF worked on behalf of the borrower, The PRC Group, to secure the 36-month construction loan through M&T Bank, The Provident Bank and Columbia Bank.

Due for completion in mid-2015, the development will consist of seven buildings that will include more than 80,000 square feet of ground floor retail space, the announcement said.

The HFF team of Jon Mikula, senior managing director, Jim Cadranell, managing director, and Samuel Seiden, associate director, represented the borrower.

“We are proud to be a part of such an important student housing addition to one of New Jersey’s top universities,” said Mikula.

Also Popular on NJBIZ

Emily Bader

Emily Bader

Emily Bader is the copy and web editor at NJBIZ. She is a Brielle, N.J. native and a Rutgers University alum. You can contact her at emilyb@njbiz.com or @emilybader on Twitter.

Leave a Comment

test

Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy

Comments

close
Subscribe to Our Newsletters!
Click Here to Subscribe for Free Now!