Mesa West Capital Provides Loan to Refinance University of Georgia Residence Complex

Mesa West Capital recently announced that it has provided a $133.9-million, short-term, first mortgage loan to developer LV Collective (“LV”) to refinance a student housing complex near the University of Georgia, according to a news release. Rambler Athens, a 750-bed residence hall adjacent to the campus, was completed in August 2024. The four-year loan will refinance the property’s construction loan.

Rambler Athens features amenities like a pool and hot tub, a sundeck with a large-screen TV, saunas and a fitness center, collaborative workspace, private study rooms, a ground-floor coffeeshop, and a secured parking garage, the news release reports.

“We continue to see a growing market opportunity in the student sector, driven by strengthening fundamentals. The University of Georgia has experienced healthy enrollment trends with a notable increase in applications in recent years,” said Mesa West Executive Director Brian Hirsh. “LV delivers some of the most well-designed, highest quality product nationally and Rambler Athens showcases that.”

According to the news release, financing was arranged through Harrison Reid of TSB Capital Advisors. Rambler Athens is currently preleasing for the 2025–26 academic year.

About the Author

Matt Jones is senior editor of Spaces4Learning. He can be reached at [email protected].

Featured

  • Howard Community College President Joins National Research Council

    Howard Community College President Daria J. Willis was recently appointed to the American Association of Community Colleges (AACC) Commission on Research and Community College Trends and Issues, according to a news release.

  • Three U.S. Universities Install Acre Security Access Control Platform

    Cloud-native physical and digital security solutions company Acre Security recently announced that it has deployed its access control platform at three major universities in the U.S., according to a news release. Acre partnered with Atrium Campus to provide coverage for more than 69,000 students at the University of Virginia (UVA), George Mason University, and Rockhurst University.

  • Midland ISD Starts Construction on Two New High Schools

    The Midland Independent School District recently announced that it will break ground on two new high schools in Midland, Texas, according to a news release. The district is partnering with Pfluger Architects, Lee Lewis Construction, and Satterfield & Pontikes to create a total of over 1.5 million square feet for 8,400 students in grades 9–12.

  • Average Annual Number of Tornadoes per State

    New Tornado Wind Load Design Criteria in IBC Offer Improvements to Life Safety

    For the first time in U.S. building code history, the 2024 International Building Code (IBC) includes tornado wind load design criteria, marking a significant advancement in life-safety provisions.

Digital Edition