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108 South Main Street

Updated Mar 11, 2025

Trevian Capital Provides $42.15M Construction Completion Bridge Loan For Mixed-Use Property In Rolesville, NC
FINANCEDMixed-use

Trevian Capital Provides $42.15M Construction Completion Bridge Loan For Mixed-Use Property In Rolesville, NC

108 South Main Street

$42,150,000

Building Size

Asset Type

Mixed-use

Closing

Sep 15, 2023

About this deal

AI

The mixed-use property located at 108 South Main Street in Rolesville, NC has been involved in a closed transaction. The property consists of 188 apartment units and 60,000 square feet of retail space.

Summary of transaction details

  • Property Type: Mixed-use (188 Apartment Units & 60,000 SF Retail)
  • Transaction Date: 09/15/2023
  • Address: 108 South Main Street, Rolesville, NC
  • Market: Rolesville, NC
  • Lender: Trevian Capital
  • Loan Amount: $42,150,000
  • Loan Type: Construction Completion - Bridge Loan

The lender for this transaction is Trevian Capital, providing a construction completion bridge loan in the amount of $42,150,000. This loan will support the completion of the mixed-use property, which includes 188 apartment units and 60,000 square feet of retail space located at 108 South Main Street in Rolesville, NC.

Players

Trevian Capital
Trevian CapitalLender

Rolesville Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.38%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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