Blackfin Real Estate Investors Secures $55 Million Bridge Loan For 438-Unit Complex In Raleigh

403 Wolf Creek Circle is a 438-unit garden apartment complex located in Raleigh, NC. The property is part of the multifamily asset type and has received a bridge loan secured by Northmarq through Truist Bank for a total of $55 million. The asset includes renovated units and amenities such as a resort-style pool, a fitness center, and a pickleball court.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $55,000,000
• Asset Address: 403 Wolf Creek Circle
• Market: Raleigh, NC
• Lender: Truist Bank
• Landlord: Blackfin Real Estate Investors
• Broker: NorthMarq
• Loan Type: Bridge
• Units: 438

This transaction involved NorthMarq representing Blackfin Real Estate Investors. The bridge loan is set for a duration of three years and is intended to support the property’s operational needs and amenities.