Bluerock Residential Growth REIT Secures $27.4M Loan For Raleigh Multifamily Property

The multifamily property located at 1500 Sunbow Falls Ln in Raleigh, North Carolina was involved in a recent transaction. The transaction took place on 07/26/2021 and the property was acquired by Bluerock Residential Growth REIT, Inc. The property consists of 276 units and is situated in the Raleigh market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $27,400,000
• Loan Terms: 10-year, fixed rate loan with a 30-year amortization and five years of interest-only payments

The deal was facilitated by brokers Scott Chisholm, Michael Zampetti, and Rich Swietkowski from Greystone. They represented Bluerock Residential Growth REIT, Inc. in the transaction.