Skip to main content
Add as a preferred source on Google

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

  • Construction Begins on New University Research Vessel

    Boat-building company All American Marine recently announced that it has begun construction on a new catamaran research vessel for the University of Texas Marine Science Institute (UTMSI) in Port Aransas, Texas, according to a news release.

  • A digital silhouette works at a computer, immersed in a glowing, interconnected world

    How Will AI Transform Learning Space Design?

    For years, higher education has designed learning spaces around technology as a tool for display, capture, collaboration, and connectivity. AI changes that equation.

  • Philadelphia Middle School Facility Earns LEED Gold Certification

    The Alternative Middle Years (AMY) at James Martin Middle School in Philadelphia, Penn., recently received a LEED Gold certification from the U.S. Green Building Council, according to a news release. The School District of Pennsylvania partnered with KSS Architects on the project.

  • Embry-Riddle Completes Construction on Research, Lab Facility

    Embry-Riddle Aeronautical University (ERAU) in Daytona Beach, Fla., recently announced the end of construction on a new research and lab facility on campus. The Center for Aerospace Engineering II (CAT II) will support aerospace research and technology development and broke ground last summer.