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Atlanta & Southeast  + Southeast  + Student Housing  | 

Walker & Dunlop Structures Financing for 1,300-Bed Alabama Student Housing Property

Walker & Dunlop has structured Freddie Mac financing for The Cottages at Lake Tamaha, a 1,300-bed student housing property at the University of Alabama in Tuscaloosa. The borrower and amount of financing was not disclosed.

Built in two phases, in 2009 and 2010, The Cottages at Lake Tamaha consists of 294 cottage-style homes, and caters to students of The University of Alabama seeking off-campus housing. Community amenities include a cyber café, clubhouse, game room, movie theater, tanning beds, outdoor grilling area and amphitheater. The property also offers ample recreational space, with a swimming pool, fitness center, indoor golf range, putting green, as well as volleyball, basketball and tennis courts.

Will Baker, William Shell and Doug McDaniel of Walker & Dunlop provided the debt, working alongside Tim Bradley of TSB Capital Advisors, who brokered the transaction.

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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.

  • ◦Financing