Partin Development Secures $42 Million Bridge Refinancing for College Station Multifamily Property

Partin Development has secured $42 million in bridge financing for its 288-unit multifamily asset, 1720 at Harvey, in College Station, Texas. Dwight Investment Management provided the debt, originated by Katie Goldenberg, to refinance existing debt on the property and deliver cash-out proceeds to the borrower.

The 1720 at Harvey property, which opened in 2023, is situated at 1720 Summit Crossing Lane, approximately one mile from the Texas A&M University campus. Eric Rosenstock of Greystone Capital Advisors negotiated the transaction, noting that a bridge loan was the appropriate strategy in preparation for a future long-term HUD loan. This deal follows Partin Development's acquisition financing of $24 million from Benefit Street Partners for the project in 2024. The property offers one- to three-bedroom apartments and features amenities such as swimming pools, a fitness center, a yoga studio, and a pet park. This refinancing highlights continued investment in student-adjacent housing markets.