MIAMI—Venue at North Campus, a LEED Gold certified student housing property located next to the University of South Florida in Tampa, FL, has traded hands. CBRE Capital Markets' Debt & Structured Finance team has arranged $35 million in permanent financing for the purchase.

Benjamin Roelke of CBRE's Dallas office arranged the long-term financing on behalf of Horizon Realty Advisors for its newly-formed HRA Opportunity Fund. The financing featured a low fixed interest rate with full-term interest-only payments. Financing was provided through CBRE's Fannie Mae Delegated Underwriting and Servicing (DUS) program, CBRE Multifamily Capital.

“We continue to see very attractive financing available for quality student housing properties nationwide,” Roelke tells GlobeSt.com. “In this case, those financing terms were further exceeded with a best-in-class, experienced sponsor acquiring a top of the market property.”