Updated Mar 11, 2025
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
Rolesville Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Deal FAQ
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