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

  • University of Kentucky Stormwater Harvesting System Receives Award

    The Utilities and Energy Management team from the University of Kentucky recently received a Grand Award at the 2025 Engineering Excellence Awards, according to a university news release. The award from the American Council of Engineering Companies of Kentucky was for the university’s Central Utility Plant (CUP) Stormwater Harvesting System, which activated in fall 2023.

  • Image courtesy of Armstrong International

    The Modern Hot Water System Approach to Keep Higher Education Buildings Safe and Operational

    Higher education campuses face unique structural and operational demands. With a range of old and new buildings, a variety of facility types, and ambitious sustainability goals, it's essential that no aspect of infrastructural performance is overlooked. Facility managers must be equipped to provide a safe, reliable and efficient space for students, faculty and guests.

  • EPA to Provide $26M in Grants to Protect School, Child Care Drinking Water

    The Environmental Protection Agency (EPA) recently announced that it will award $26 million in grant funding to test and fix lead-contaminated water at U.S. schools and childcare centers, according to local news.

  • Pfluger Architects Announces Promotions of Seven Staff Members

    Texas-based architecture firm Pfluger Architects recently announced that it has promoted seven staff members to senior-level positions. One of the promotions is that of Dallas-based Senior Project Architect Chad Martin to Principal, according to a news release.

Digital Edition