PIMCO Provides $65M Refinance Loan For 316-Unit Multifamily Property In Raleigh, NC

The multifamily property located at 1101 Club Exchange Drive in Raleigh, North Carolina has been involved in a recent closed transaction. The property consists of 316 units and is owned by Meyers Group. The transaction took place on 06/13/2022.

Summary of Transaction Details:

• Property Type: Multifamily
• Transaction Amount: $65,000,000
• Market: Raleigh, North Carolina
• Lender: PIMCO
• Landlord: Meyers Group
• Brokers: Charles Foschini, Chris Apone, Mitch Sinberg, and Matt Robbins - Berkadia
• Loan Type: Refinance

The loan for the property was provided by PIMCO. The brokers involved in the transaction include Charles Foschini, Chris Apone, Mitch Sinberg, and Matt Robbins from Berkadia.