New Student Housing Development Oxford, OH Miami University

[Sean Cole]

Interested in connecting with folks with experience in student housing development, especially in Ohio and Oxford/Miami University...  I've got a parcel of land and an option on the neighboring parcel that would allow ~100 beds based on getting rezoned to multifamily.  The head of Planning has indicated excitement about increasing density in this area and redeveloping these parcels specifically.

This is outside my normal scope, but seems to be a good project if the economics match what we think they are.  

1) What's a ballpark estimate of cost/sf to build student housing?  The units would likely be a mix of 2/1 and 4/2.  In unit w/d closets.  No amenities like swimming pool or clubhouse.

2) Are any banks lending on these projects when they're built as modular builds?  We're not talking about trailers, just factory built boxes that are craned in place on the job.  Seems like a great way to decrease construction time and ensure quality, but it doesn't matter if banks are afraid and won't lend.

3) What doesn't a new investor to this space know that can ruin him/her?