PHOENIX, AZ - TSB Capital Advisors, the national leader in student housing and multifamily real estate advisory services, successfully arranged a floating-rate loan on behalf of Harrison Street to refinance Twin River Commons, a 127-unit, 371-bed luxury student housing property located near the State University of New York at Binghamton.
“This Class-A property is perfectly situated next to the downtown campus and the city’s vibrant center, with sweeping views of the Susquehanna River,” said Stephen Hovanec of TSB Capital Advisors. “We’re honored to continue our long-standing relationship with Harrison Street and work with them on another stellar property in their portfolio.”
Located adjacent to SUNY-Binghamton’s downtown campus, Twin River Commons offers floorplans that range from studio to four bedrooms, with private bedrooms and bathrooms for all residents. In-unit amenities include a modern furniture package, fully equipped kitchen, wood-style flooring, stainless-steel appliances, and a full-size washer and dryer. The best-in-class community amenities feature a state-of-the-art gym, complimentary high-speed Wi-Fi, resident clubhouse, fireplace lounge with billiards and games, new package lockers, outdoor courtyard and kitchen, and more.
TSB Capital Advisors is the national leader in student housing and multifamily real estate advisory services, and has offices in Phoenix, Arizona (headquarters), and Paoli, Pennsylvania. Since its creation in 2009, TSB Capital Advisors has helped close over 450 deals and more than $60 billion in student housing and multifamily transactions.