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Waco, Texas

The borrowers are seasoned investors who are rapidly expanding their student housing portfolio. This property is positioned across the street from Baylor University dormitories.

The original seller rent concessions were burning off, which gave the purchaser the opportunity to increase rents. Further, cost savings could be achieved through additional expense pass-throughs. Wilshire also did a more comprehensive examination of the historical operating expenses to adjust for non-reoccurring costs from the prior years.

Wilshire’s approach and experience enabled us to quickly assess the property cash flows and close the requested loan in a very compressed timeframe.