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Freddie Mac Provides $13.327M Loan For Kings Cross Apartments In Fayetteville, NC

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FINANCED
$13,327,000

North Carolina

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MultiFamily
Financed 12/10/2025
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Property Image
FINANCED

Freddie Mac Provides $13.327M Loan For Kings Cross Apartments In Fayetteville, NC

5725 Ivanhoe Court

See Similar Deals
MultiFamily
Financed 12/10/2025
the dealplayerscompscontact
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Summary

NORTH CAROLINA
Asset Type:MultiFamily
Transaction Type:Loan

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

Bobby (Bob) Harrington
NorthMarq
Bobby Harrington
2 deals$42.3M volume
BROKER
Freddie Mac
Freddie Mac
LENDER

Details

FINANCED
IMAGE: 12/10/2025 ADDRESS: 5725 Ivanhoe Court MARKET: Fayetteville, NC ASSET TYPE: MultiFamily ~ UNITS: 176 LENDER: Freddie Mac BROKERS: Bobby (Bob) Harrington - NorthMarq LOAN AMOUNT: $13,327,000 LOAN TERMS: five-year term with two years of interest only. NOTE: Northmarq’s Fort Lauderdale Debt + Equity team, led by Bob Harrington, secured a $13.327 million refinancing for Kings Cross Apartments, a 176-unit community in Fayetteville, NC. The Freddie Mac Optigo-backed deal features a five-year term with two years of interest-only payments.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$13,327,000.00

Monthly NOI$88,846.67
Monthly Debt Service$84,235.71
Change in Cash Flow$0.00
Refinance Proceeds$0.00