Byline Bank’s Commercial Real Estate Group (BCREG) has recently closed a $15.2 million loan with Campus Realty Advisors and T2 Capital for the acquisition, renovation, and repositioning of The Junction San Marcos in Texas. This 152-unit student housing community is located near Texas State University.
This marks the first partnership between Byline and Campus Realty Advisors, while T2 Capital has been a long-standing client of BCREG. The loan will support the purchase and revitalization of 109 West Avenue, including renovations to all units and common areas.
According to Senior Vice President Matt Robertson from Byline’s Commercial Real Estate Group: “The upgraded property will be a valuable addition to San Marcos’ rental market which has experienced strong growth with consistently high occupancy rates.” Smith Gambrell Russell represented Campus Realty Advisors and T2 Capital in this transaction while Holland & Knight acted as legal counsel for Byline Bank.
