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Florida & Gulf Coast  + South Florida  + Student Housing  |  July 30, 2019
David Cohen
By: David Cohen

Hunt Secures $9M Refinancing for Coral Gables Student Housing Property

Hunt Real Estate Capital has secured a $9.4 million Fannie Mae conventional multifamily loan to refinance Orduna Court, a 24-unit student housing property in Coral Gables.

Located at 800 S. Dixie Highway, the property was built in 1982 as condominiums but was acquired in 2017 by the borrower, a local investor. The property was converted to student housing in 2017 after a $2.1 million renovation. Amenities include a pool, sundeck and covered parking.

The Aztec Group brokered the transaction on behalf of the borrower. The property was 92% leased at closing for the 2019-2020 school year.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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