The Preiss Company Acquires Multifamily Property On Oberlin Road In Raleigh For $49.7M
305 Oberlin Road
MultiFamily
Financed 1 year ago
Summary
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.
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305 Oberlin Road
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