Student Housing Apartment Loan Program City Capital Finance arranges student housing loans for acquisitions and refinancing Student Housing Apartment buildings throughout California. We have relationships with several financial institutions and Federal Agency capital providers of dedicated student housing loans to secure the most competitive terms and rates to meet the individual needs and requirements of our clients. Student Housing Multifamily Loan-Highlights Dedicated Student housing loans are available for existing and stabilized properties located near universities (about 2mile radius from campus) with 10,000 or more students. Student housing properties have at least 80% full time student tenants and were specifically constructed for student housing facilities and can't be readily converted to traditional multifamily building. Loans from $1,500,000 and up Up to 75% loan to value Non-recourse available 5, 7 and 10 year term Fixed or adjustable interest rates Up to 30 year amortization 90% occupancy for past 1 year No food service allowed 12 month leases required with parental guarantee Minimum Debt Service Coverage Ratio of 1.30 x for fixed rate; 1.10x for ARM Strong borrower with proven track record in managing student housing Properties can not be inside the university land