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iBorrow Provides $52M Loan for Refinancing of Philadelphia Student Housing Property

The-Edge-Student-Village-Philadelphia

The Edge Student Village, which serves students at Temple University in Philadelphia, totals 798 beds. The property was built in 2006.

PHILADELPHIA — iBorrow, a commercial bridge and direct lender, has provided a $52 million loan for the refinancing of The Edge Student Village, a 798-bed student housing property that serves students at Temple University in Philadelphia. Completed in 2006, the 12-story building’s units feature several different floor plans, and its amenities include a fitness center, community kitchen, lounge areas and study spaces. The undisclosed borrower plans to use a portion of the proceeds to fund capital improvements.

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