Capital Square Secures $105 Million Refinance Loan For 297-Unit Multifamily In Raleigh

The property asset involved is Maeve, a multifamily luxury high-rise located at 319 West Lenoir Street in Raleigh, NC. It consists of 297 units and is situated in the Warehouse District, which is part of an opportunity zone. Capital Square secured a refinancing loan amounting to $105 million for this property.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $105,000,000
• Lender: TPG Real Estate Finance Trust
• Landlord: Capital Square
• Brokers: Alexandra Huffman, Justin Nelson & PJ Feichtmeier - Walker & Dunlop
• Loan Type: Refinance

This transaction highlights the involvement of TPG Real Estate Finance Trust as the lender in a significant refinance deal. The brokers facilitating this transaction from Walker & Dunlop are Alexandra Huffman, Justin Nelson, and PJ Feichtmeier.