Patterson Arranges Construction Financing for Student Housing Development in Auburn

In late 2019, Holder Properties closed on construction financing for 320 West, a 719-bed purpose-built student housing and mixed-use project located in an opportunity zone, directly adjacent to the Auburn University campus. 320 West will sit on Magnolia Avenue, just across from Auburn’s business and engineering school and just steps from downtown Auburn. Patterson assisted in procuring a long-term capital solution to accommodate the Property’s opportunity zone advantages, including a construction-to-perm loan with Aegon.