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

  • By Matt Jones
  • 04/17/25

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

  • Rice University to Build New Student Life Complex

    Rice University in Houston, Texas, recently announced that a groundbreaking ceremony for the upcoming Moody Center Complex for Student Life (MCCSL) will take place on May 8, 2025, according to a university news release. The 75,000-square-foot facility was designed by architecture firm Olson Kundig with Page serving as executive architect, and it has an estimated completion date of fall 2027.

  • Georgia High School Debuts 500-Seat Esports Arena

    Cass High School in Bartow County, Ga., recently announced the opening of a new, 7,000-square-foot Esports Arena, according to a news release. The Bartow County School System partnered with Extron AV Technology on the project.

  • California District Starts Construction on New Robotics Facility

    The Fremont Union High School District (FUHSD) near Silicon Valley, Calif., recently announced that construction has begun on a new Robotics Facility on the campus of Cupertino High School, according to a news release. The 14,500-square-foot facility will serve students at high schools across the entire district, providing purpose-built spaces for student creativity and collaboration.

  • Greenheck Launches New Series of Rooftop Units

    Air movement, control, and conditioning solutions provider Greenheck recently launched a new line of rooftop units that merge the conveniences of traditional rooftop ventilators and dedicated outdoor air systems, according to a news release. The Model RT controls temperature and humidity for indoor comfort.

Digital Edition