Berkadia has secured a $62-million stretch senior loan for the acquisition a 157-unit/568-bed student housing property located near Johns Hopkins University in Baltimore, MD.

Aaron Moll of Berkadia Student Housing and Cody Kirkpatrick, Noam Franklin, Chinmay Bhatt and Matthew Tu of Berkadia Joint Venture Equity & Structured Capital arranged the loan from PIMCO on behalf of HH Fund, a vertically integrated off-campus student housing owner/operator based out of Silver Spring, MD. The acquisition of Nine East 33rd represents HH Fund’s fourth community in Baltimore.

Nine East 33rd was constructed in 2016 and offers specific rental terms, all-inclusive utilities and amenities such as private study rooms and a clubhouse. The property includes 30,000 square feet of ground level retail spaces by fully leased by restaurants, coffee shops and anchor tenants such as CVS and Chase Bank.