Vesper Holdings is a joint venture that recently purchased a student housing community in Tampa, Florida. According to this article, the University of South Florida's main campus in Tampa currently has a total of 50,626 students enrolled, with 36,469 full- and 14,157 part-time students. The cost of living in off-campus accommodation went up 1.4 % in the 2021-2022 academic year compared to the previous term, as reported by the National Center for Education Statistics. Preleasing for the coming school year stood at 70% at the end of March, according to a Yardi Matrix report. And the total number of bedrooms under construction accounted for 3.8% of enrollment during the same time frame. The same report showed that rents were up 12% year-over-year in March.
Vesper Holdings is a great option for investors looking to finance a student housing community in Tampa. They offer a variety of loan products, including fixed-rate and adjustable-rate mortgages, bridge loans, and mezzanine financing. They also offer a variety of loan terms, including short-term, mid-term, and long-term financing. Additionally, they offer a variety of loan structures, including interest-only, amortizing, and balloon payments.