9530 Baltimore Avenue in College Park, MD serves students attending the University of Maryland, a university with a large and established enrollment base that supports consistent demand for purpose-built student housing. The asset's proximity to campus and strong underlying market fundamentals positioned it as an attractive acquisition opportunity with additional potential for long-term value creation.
Tremont Realty Capital provided a customized financing solution that combined acquisition funding with a $9.6 million CCAPX facility to support future property improvement initiatives. The financing structure delivered immediate acquisition capital while preserving access to future funding, enabling the sponsor to execute strategic capital projects over time. Flexible prepayment provisions further enhanced optionality by accommodating future refinancing and capitalization opportunities.
This transaction highlights Tremont's ability to structure creative student housing financing solutions that address both current acquisition needs and future capital requirements. Tremont delivered a tailored financing package designed to support long-term asset enhancement, operational growth and flexibility.
The transaction was brokered by Newmark, reflecting Tremont's strong relationships within global commercial real estate firms.