JLL has arranged the $11.8 million refinancing of 2909 Oliver, a 192-unit and 504-bed student housing community located at Wichita State University in Wichita, Kansas. JLL represented the borrower, Calidus to secure the five-year, fixed-rate loan through through Freddie Mac Multifamily. The loan will be serviced by JLL Real Estate Capital, LLC., a Freddie Mac Optigo lender.

The JLL Capital Markets Debt Advisory team was led by Senior Director Dan Kearns, Closer Patricia Heminger and Analysts Dave Hunter and Katia Novi. “As a result of the strong sponsorship and incredible property performance since 2909 Oliver was acquired by Calidus 10 years ago, Freddie Mac was able to provide very compelling five-year, fixed-rate financing,” said Kearns.

Managed by The Preiss Company, the 2008-built property features two-bedroom and three-bedroom units. Situated at 2909 N Oliver St., the community is located less than a mile from Wichita State University’s campus and six miles from downtown Wichita.

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