Big Ten Student Housing 

$20,025,000 308 Unit Garden Style Apartment

Location: Ann Arbor, MI
Loan Amount: $4,040,000
Term: 30 Year
Amortization: 30 Year
Execution: Life Company

Key Points:

• 46-bed student housing
• Lifeco Execution
• 30-year term / 30-year amort / 1.30x DSCR
• No global cash flow underwriting
• No property performance covenants
• No reserves, no escrows