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500 North Caraway Road
FINANCED

Eastern Union Secures $12.05M Loan For Wolf Creek Multifamily Acquisition

500 North Caraway Road

MultiFamily
clock iconFinanced 102 days ago
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Summary

Loan
ARKANSAS
MultiFamily

The acquisition and conversion of Wolf Creek, a 192-unit multifamily property at 500 North Caraway Road in Jonesboro, AR, was facilitated through a $12,050,000 financing secured by Eastern Union, represented by Marc Tropp.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $12,050,000
  • Units: 192
  • Market: Jonesboro, AR
  • Address: 500 North Caraway Road
  • Landlord: Hillcrest Acquisitions
  • Broker: Marc Tropp
  • Loan Type: Acquisition

The financing support for the acquisition and conversion of Wolf Creek was effectively orchestrated by Marc Tropp representing Eastern Union, adding a layer of expertise to the transaction.

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Marc Tropp's profile picture
Marc Tropp
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Senior Managing Director
$11.8M Sold

Details

Deal Summary
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FINANCED
IMAGE: 04/09/2024 ADDRESS: 500 North Caraway Road MARKET: Jonesboro, AR ASSET TYPE: Multifamily ~ UNITS: 192 LANDLORD: Hillcrest Acquisitions BROKER: Marc Tropp LOAN AMOUNT: $12,050,000 LOAN TYPE: Acquisition NOTE: Eastern Union, through Marc Tropp, secured $12,050,000 in financing for the acquisition and conversion of Wolf Creek, a 192-unit multifamily property at 500 North Caraway Road in Jonesboro, AR.

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Address500 North Caraway Road

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