Calidus announced that it secured $11.8 million in refinancing of 2909 Oliver, a 192-unit/504-bed student housing community located at Wichita State University in Wichita, Kan.
JLL represented the borrower to secure the five-year, fixed-rate loan through Freddie Mac Multifamily. The loan will be serviced by JLL Real Estate Capital.
Managed by The Preiss Company, the 2008-built property features two- and three-bedroom units with bed-bath parity, walk-in closets, spacious kitchens, faux wood flooring and in-unit washers and dryers. Community amenities include a pool, a 24-hour fitness center, a game room lounge, a study library, a volleyball court, a basketball court and picnic areas.
Situated at 2909 N Oliver St., the community is located less than a mile from Wichita State University’s campus and its approximately 17,018 students. Additionally, the property is six miles to downtown Wichita.
“This is a property that has consistently performed well, wit
