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Gindi Equities Acquires 224-Unit Multifamily Property In Chapel Hill, NC For $30.3M Loan

2701 Homestead Road
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This MultiFamily property located in NC received a loan of $30,300,000 over 2 years ago. The brokers of the deal were Brian Linnihan, Michael "Mike" Ryan, and Blake Cohen

The multifamily property located at 2701 Homestead Rd in Chapel Hill, NC has been involved in a recent closed transaction. The property consists of 224 units and has been acquired by Gindi Equities.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $30,300,000
  • Address: 2701 Homestead Rd, Chapel Hill, NC
  • Market: Chapel Hill, NC
  • Units: 224

The loan for this acquisition was provided by Harbor Group International Commercial Funding, LLC. The loan amount is $30,300,000, and the loan terms are for a three-year period.

The brokers involved in this transaction were Blake Cohen, Mike Ryan, and Brian Linnihan from Cushman & Wakefield.

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Deals
  • Location
    2701 Homestead Rd, Chapel Hill, NC, USA2701 Homestead Rd, Chapel Hill, NC, USA
  • Loan Value
    $30,300,000$30,300,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 1 Agency, 1 Lender3 Brokers, 1 Agency, 1 Lender

Agents

Brian Linnihan

Brian Linnihan

Deals9
Financed$330.4M

Blake Cohen

Blake Cohen

Deals2
Financed$105.3M

Agency

Cushman & Wakefield

Cushman & Wakefield

Agency
Deals4188
Volume$167B

Harbor Group International

Harbor Group International

Lender
Deals8
Volume$ 21.5B

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Deal Summary

LOAN IMAGE: Blake Cohen, Mike Ryan & Brian Linnihan DATE: 11/11/2021 ADDRESS: 2701 Homestead Rd MARKET: Chapel Hill, NC ASSET TYPE: Multifamily ~ UNITS: 224 LENDER: Harbor Group International Commercial Funding, LLC LANDLORD: Gindi Equities BROKERS: Blake Cohen, Mike Ryan & Brian Linnihan - Cushman & Wakefield LOAN AMOUNT: $30,300,000 LOAN TYPE: Acquisition LOAN TERMS: three-year loan

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2701 Homestead Road

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