Acore Capital Provides $62.8M Acquisition Loan For Multifamily Property In Wilmington, NC

The multifamily property located at 1108 St Andrews Dr in Wilmington, NC was recently involved in a loan transaction. Madison Marquette acted as the landlord in this deal, while the lender was Acore Capital, represented by Scott Durco. The loan, amounting to $62,800,000, was used for the acquisition of the property.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $62,800,000
• Unit: 380
• Lender: Acore Capital - Scott Durco
• Landlord: Madison Marquette

This loan transaction involved the collaboration between Acore Capital, represented by Scott Durco, and Madison Marquette. Acore Capital provided the necessary funds, amounting to $62,800,000, for the acquisition of the 380-unit multifamily property located at 1108 St Andrews Dr in Wilmington, NC.