BERKELEY POINT PROVIDES $52.3M STUDENT HOUSING LOAN

AUSTIN — Berkeley Point Capital has funded $52.3 million in first mortgage financing for the 348-unit West Campus II, a Class A dedicated student housing community located in the West Campus section of Austin. The community is part of a larger two-phased community known as The Quarters and is within walking distance of the University of Texas. Amenities of the community include courtyards, a 24-hour fitness center, on-site parking, stained concrete floors and furnished units upon request. Adam Randall of Berkeley Point's Bethesda, Md., office arranged the 10-year loan with full-term, interest only payments through the Fannie Mae DUS Student Housing program.