The Preiss Company Acquires Multifamily Property On Oberlin Road In Raleigh For $49.7M

The Preiss Company has acquired a multifamily property located at 305 Oberlin Road in Raleigh, NC. The property comprises 203 units and was purchased with a loan from Mesa West Capital. The loan amount for this acquisition is $49,700,000, secured through a five-year floating-rate loan.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $49,700,000
• Units: 203
• Lender: Mesa West Capital - Brian Hirsh
• Landlord: The Preiss Company
• Broker: Paul House - Walker & Dunlop

Brian Hirsh from Mesa West Capital provided the loan for this acquisition. Paul House from Walker & Dunlop represented the buyer, The Preiss Company, in this transaction.