Updated Dec 11, 2025
Freddie Mac Provides $13.327M Loan For Kings Cross Apartments In Fayetteville, NC
5725 Ivanhoe Court
$13,327,000
Units
176
Asset Type
MultiFamily
Closing
Dec 10, 2025
About this deal
AI
The transaction involves Kings Cross Apartments, a multi-family asset comprising 176 units located at 5725 Ivanhoe Court in Fayetteville, NC.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $13,327,000
- Loan Amount: $13,327,000
- Lender: Freddie Mac
- Loan Terms: five-year term with two years of interest only
- Brokers: Bobby (Bob) Harrington - NorthMarq
The refinancing was secured by Northmarq’s Fort Lauderdale Debt + Equity team, led by Bob Harrington, focusing on the financial arrangements and backing through Freddie Mac's Optigo program.
Players
Fayetteville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.19%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93