ROAR SECURES $17M REFINANCING LOAN

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TUSCALOOSA, ALA. — Beech Street Capital has arranged a $17 million Fannie Mae loan for the refinancing of College Station Portfolio, a 264-unit property owned by ROAR LLC in Tuscaloosa. Chad Thomas Hagwood of Beech Street originated the 10-year loan, which features a 30-year amortization schedule. The apartment community is located near the University of Alabama, and the properties typically operate at 99 percent occupancy. The interest rate on the loan was just over 4 percent.

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