University of Louisiana Student Housing

Lafayette, LA

Student Housing - Development

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Lafayette, LA

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University of Louisiana Student Housing

STUDENT HOUSING - DEVELOPMENT

ACRES funded a $35.325 million loan which will be used for the construction of a student housing rental development at the University of Louisiana. The property will consist of the following:

Student-oriented townhome and mid-rise apartment complex totaling 23,200 square feet
194 units with a total of 592 bedrooms

Lafayette is known as the hub city of southern Louisiana and is a regional leader and destination for retail, healthcare, technology, oil and gas, and education.

The sponsor specializes in commercial and multifamily real estate development. He proposed this development for both retail and multifamily purposes, and brands this as an attractive project.

$35.325 Million

Loan Amount

18 Months

Loan Term

Construction Loan

Loan Product

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ACRES Capital, LLC (“ACRES”) is an SEC-registered investment adviser with an office in Uniondale, New York. ACRES and its representatives are in compliance with the current registration and notice filing requirements imposed upon SEC-registered investment advisers by those states in which ACRES maintains clients. SEC registration is not an endorsement of the firm by the Commission and does not mean that the adviser has attained a specific level of skill or ability.