PLANO, TX, February 14, 2014 – AIG Commercial Asset Finance (AIGCAF) and its affiliates have provided $112.5 million in revenue note financing for University Park at Evansdale LLC (University Park), a public private partnership (P3) for the construction and permanent financing of a 425,000 square foot, 1300 bed, on-campus student housing complex at West Virginia University. The non-recourse, 36 year loan financed 100% of the cost of the project and qualified for an investment grade rating due to its structure and high connectivity between the project and West Virginia University.

Greg Burns, Vice President of the Real Property Finance group at AIGCAF, said that due to AIG’s extensive experience in real estate and project finance, AIGCAF was able to meet a tight timetable to ensure on-time commencement of construction.

“We were impressed with AIGCAF’s deal team as they were concurrently underwriting and documenting through the holiday season. We are appreciative of their dedication and look forward to a lengthy relationship with them,” according to Mark Nesselroad of University Park.