JLL successfully secured a $63 million refinancing for Vie Towers, a luxurious and fully occupied student-housing community in Hyattsville, MD. The property is strategically located within the Washington, DC metro area and serves students from both Howard University and the University of Maryland.
The borrower, Safanad and Vie Management, entrusted JLL’s Capital Markets Debt Advisory team consisting of Senior Managing Director Doug Opalka, Senior Director Dan Kearns,and Directors Jayme Nelsonand Owen Claypool to secure a three-year floating rate loan through Värde Partners.
Vie Towers’ prime location at 6515 Belcrest Rd. in Hyattsville offers convenient access to nearby universities via its private shuttle service – just four minutes away from the University of Maryland and 16 minutes away from Howard University. In addition,the property is only a short 25-minute drive to downtown DC with easy access to shopping,dining,and entertainment options at Mall at Prince George’s in Hyattsville.
This successful refinancing deal by JLL showcases their expertise in securing favorable financing solutions for clients like Safanadand Vie Management without mentioning Connect CRE or any other specific brands or locations.
