Updated Sep 23, 2026
Franklin BSP Realty Trust Acquires 456-Unit Multifamily Complex In Durham For $65 Million
4655 Hope Valley Road & 7304 Calibre Park Drive
$65,000,000
Units
456
Asset Type
MultiFamily
Closing
Sep 22, 2026
About this deal
AI
The transaction involved the acquisition of two apartment complexes, LYV Woodcroft and LYV Durham, located at 4655 Hope Valley Road and 7304 Calibre Park Drive in Durham, NC. The total sale price was $65,000,000 for the 456 units across 46 acres of land with a combined assessed value of $60.8 million.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $65,000,000
- Buyer: Franklin BSP Realty Trust
- Seller: Scott Everett - S2 Capital
- Units: 456
- Price Per Unit: $142,544
- Market: Durham, NC
- Date: 09/22/2026
- Foreclosure Auction Date: Aug. 18
- Loan Amount Defaulted: $83.9 million
Franklin BSP Realty Trust successfully acquired the properties following S2 Capital's default on the previous loan. Scott Everett represented S2 Capital in this transaction, indicating his role in managing the sale process for the seller.
On the Map
$65,000,000
MultiFamily
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Players
Hope Valley MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93