San Marcos Mercury | Local News from San Marcos and Hays County, Texas
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April 10th, 2008
$30.5 million acquisition loan for student housing from GE Real Estate

SAN MARCOS, TEXAS – GE Real Estate has provided a $30.5 million acquisition loan for the purchase of two student housing apartment communities, including Bishop Square in San Marcos.  The 3-year, fixed-rate loan was provided for Campus Acquisitions LLC, which acquired the property located at 109 Craddock Ave.  The borrower will renovate the complex, which provides housing for Texas State University students.  The loan was originated by James Tramuto of CBRE Melody Capital Markets. The second property in the transaction is located in South Carolina.

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