Gindi Equities Acquires 224-Unit Multifamily Property In Chapel Hill, NC For $30.3M Loan

The multifamily property located at 2701 Homestead Rd in Chapel Hill, NC has been involved in a recent closed transaction. The property consists of 224 units and has been acquired by Gindi Equities.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $30,300,000
• Address: 2701 Homestead Rd, Chapel Hill, NC
• Market: Chapel Hill, NC
• Units: 224

The loan for this acquisition was provided by Harbor Group International Commercial Funding, LLC. The loan amount is $30,300,000, and the loan terms are for a three-year period.

The brokers involved in this transaction were Blake Cohen, Mike Ryan, and Brian Linnihan from Cushman & Wakefield.