$33,500,000

Originated a $33.50MM First Mortgage Loan to refinance a 256-unit multifamily property in downtown Jackson, MS. Proceeds were used for a cash-in refinance of the Sponsor’s existing first mortgage, and to fund reserves for tenant improvements, leasing commissions, and transaction costs. The Sponsor plans to re-tenant the asset with a mix of market-rate and student housing tied to a master lease with Jackson State University. The Property benefits from notable medical and education employers in the market, including the University of Mississippi Medical Center and Jackson State University.