Victor Agusta & Jr. Of Bellwether Enterprise Originates $22.3M Construction Loan For Marigold Apartments In Cary NC

The asset involved in this transaction is Marigold Apartments, a 126-unit multifamily housing project located at 921 Southeast Maynard Road in Cary, NC. The loan originated for the construction of this mixed-income housing project amounts to $22,300,000 and is insured through HUD. The project is managed by Laurel Street Residential.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $22,300,000
• Loan Type: Construction
• Market: Cary, NC
• Units: 126
• Broker: Victor Agusta & Jr. - Bellwether Enterprise (BWE)

This transaction reflects the collaboration between key industry players, including the broker Victor Agusta & Jr. from Bellwether Enterprise, who facilitated the loan through BWE for the development of the Marigold Apartments project, handling the financing aspects related to the construction loan.