Updated Feb 3, 2026
Landmark Cos. Acquires 456-Unit Multifamily Property In Raleigh With $42.5M Loan
7760 Midtown Market Avenue
$42,500,000
Units
456
Asset Type
MultiFamily
Closing
Feb 2, 2026
About this deal
AI
The asset involved in the transaction is a 456-unit luxury rental property located at 7760 Midtown Market Avenue, Raleigh, NC. The acquisition was supported by a loan amount of $42,500,000, designated for the purpose of acquisition. The property is categorized as a multifamily asset within the Raleigh market.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $42,500,000
- Address: 7760 Midtown Market Avenue
- Market: Raleigh, NC
- Landlord: Landmark Cos.
- Broker: Mark Scott - Commercial Mortgage Capital
- Loan Type: Acquisition
The individuals involved in the deal include Landmark Cos. as the landlord, which has expanded its operations beyond New Jersey to secure this property. The financing arrangement was facilitated by Mark Scott representing Commercial Mortgage Capital, indicating the key players in this acquisition process.
On the Map
$42,500,000
MultiFamily
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Players
Raleigh 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
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93