Updated Oct 15, 2026
Myers Group & Torchlight Capital Secures $62.1 Million Refinance Loan From D2 Residential
2202 Club Road
$62,100,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 3, 2026
About this deal
AI
The property asset involved in this transaction is a multifamily asset located at 1101 Club Exchange Drive, Holly Springs, NC 27540. The loan amount secured for this refinance is $62,100,000. The market for this property is Holly Springs, NC.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $62,100,000
- Lender: D2 Residential
- Borrower: Myers Group & Torchlight Capital
- Brokers: Christopher Drew, Brad Woolard, Joshua Odessky & J.J. Hovenden - JLL
The key individuals involved in facilitating this transaction include Christopher Drew, Brad Woolard, Joshua Odessky, and J.J. Hovenden, who represent the brokerage firm JLL. Their role was instrumental in the arrangement of the refinancing deal for the multifamily property.
On the Map
$62,100,000
MultiFamily
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Charlotte MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93