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

  • Geometric abstract school illustration

    How Design Shapes Learning and Success

    Can the color of a wall, the curve of a chair, or the hum of fluorescent lights really affect how a student learns? More schools are beginning to think so.

  • Colorado State University Global, SCTE Launch Online Certificate Program

    Colorado State University Global (CSU Global), based in Denver, Colo., recently announced a partnership with CableLabs subsidiary the Society of Cable Telecommunications Engineers (SCTE) to launch an online certificate training program for broadband professionals, according to a news release.

  • Image credit: O

    Strategic Campus Assessment: Moving Beyond Reactive Maintenance in Educational Facilities

    While campuses may appear stable on the surface, building systems naturally evolve over time, and proactive assessment can identify developing issues before they become expensive emergencies. The question isn't whether aging educational facilities need attention. It's how institutions can transition from costly reactive maintenance to strategic asset management in a way that protects both budgets and communities.

  • Construction Begins on East Austin CTE-Focused High School

    The Del Valle Independent School District recently announced that construction has begun on a new CTE-focused high school in Austin, Texas, according to a news release. Del Valle High School will measure in at 473,338 square feet and have the capacity for 2,400 students.

Digital Edition