Byline Bank’s Commercial Real Estate Group (BCREG) has closed on a $23.5 million loan with Campus Realty Advisors and T2 Capital. The transaction funds the acquisition, renovation, and repositioning of The Edge Student Housing, a 173-unit, 553-bed student housing community located at 1740 Old Ranch Road near Texas State University in San Marcos. This is the second deal between Byline, Campus Realty Advisors and T2 Capital in the last 12 months: In July 2024, Byline funded a $15.2 million loan for another 152-unit, 488-bed student housing community in San Marcos.Â
Located close to the Texas State campus, The Edge Student Housing features a variety of amenities, including a pool, volleyball and basketball courts, a fitness center, and access to nearby hiking trails. Â
The building’s clubhouse will be renovated and reconfigured to include an expanded, commercial-style fitness center with all-new equipment, improved study areas, a new community gathering area, and an updated leasing center.
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