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Hathaway Development Secures $153.3 Million Refinance Loan From ACRES Capital For Indian Trail Multifamily

Property Image
FINANCED
$153,300,000
Stephen Farnsworth
Hanes Dunn
Robert Henry

North Carolina

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MultiFamily
Financed 12/12/2025
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Property Image
FINANCED

Hathaway Development Secures $153.3 Million Refinance Loan From ACRES Capital For Indian Trail Multifamily

199 Exchange Circle

See Similar Deals
MultiFamily
Financed 12/12/2025
Stephen Farnsworth
Hanes Dunn
Robert Henry
the dealplayerscompscontact
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Summary

NORTH CAROLINA
Asset Type:MultiFamily
Transaction Type:Loan

The property involved in this transaction is a multifamily asset located at 199 Exchange Circle, Indian Trail, NC. It consists of 312 units and is part of a refinancing deal facilitated by ACRES Capital. The specific loan amount associated with this multifamily community is $56.2 million.

Summary of transaction details:

Hathaway Development secured this financing to refinance three multifamily communities located in Louisiana, Florida, and South Carolina. The arrangement was made through Walker & Dunlop. The property at Exchange at Indian Trail is managed by Evolve Management Group, which oversees the operations of the newly completed 312-unit property.

Players

Stephen Farnsworth
Walker & Dunlop
Stephen Farnsworth
4 deals$531.7M volume
BROKER
Hanes Dunn
Walker & Dunlop
Hanes Dunn
3 deals$339.6M volume(301) 202-3261
BROKER
Robert Henry
Walker & Dunlop
Robert Henry
2 deals$306.6M volume
BROKER
ACRES Capital
ACRES Capital
LENDER

Details

FINANCED
IMAGE: 12/12/2025 ADDRESS: 199 Exchange Circle MARKET: Indian Trail, NC ASSET TYPE: MultiFamily ~ UNITS: 312 LENDER: ACRES LANDLORD: Hathaway Development BROKERS: Stephen Farnsworth, Hanes Dunn & Robert Henry - Walker & Dunlop LOAN AMOUNT: $153,300,000 LOAN TYPE: Refinance NOTE: Hathaway Development secured $153.3 million in floating-rate bridge loans to refinance three multifamily communities in Louisiana, Florida, and South Carolina, arranged by Walker & Dunlop and provided by ACRES. The largest portion, $56.2 million, went to the Exchange at Indian Trail in South Carolina, a newly completed 312-unit property near Charlotte, managed by Evolve Management Group.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$153,300,000.00

Monthly NOI$1,022,000.00
Monthly Debt Service$968,960.28
Change in Cash Flow$0.00
Refinance Proceeds$0.00