facebook
Traded Co logo
Submit a Deal

PIMCO Provides $65M Bridge Loan For 316-Unit Multifamily Property In Holly Springs

1101 Club Exchange Drive
PointingArrow
ShareContact

This MultiFamily property located in NC received a loan of $65,000,000 over 1 year ago. The brokers of the deal were Matthew (Matt) Robbins, Charles Foschini, Christopher (Chris) Apone, and Mitch Sinberg

A multifamily property located at 1101 Club Exchange Dr in Holly Springs, NC has undergone a refinance loan transaction. The property consists of 316 units and the loan amount for this transaction was $65,000,000. The loan type is a floating-rate bridge loan with a 24-month term, and the borrower has the option to extend the loan for three additional one-year periods.

Summary of transaction details

Charles Foschini, Chris Apone, Mitch Sinberg, and Matt Robbins from Berkadia acted as the brokers in this transaction, representing the borrower. The lender for this refinance loan was PIMCO Commercial Real Estate Debt Fund II, LP. The loan terms include a 24-month term with the option to extend for three additional one-year periods.

View Related

Deals
  • Location
    1101 Club Exchange Drive1101 Club Exchange Drive
  • Loan Value
    $65,000,000$65,000,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    4 Brokers, 1 Agency4 Brokers, 1 Agency

Agents

Christopher (Chris) Apone

Christopher (Chris) Apone

Deals35
Financed$1.8B

Charles Foschini

Charles Foschini

Deals42
Financed$2.3B

Matthew (Matt) Robbins

Matthew (Matt) Robbins

Deals44
Financed$1.8B

Mitch Sinberg

Mitch Sinberg

Deals56
Financed$2.2B

Agency

Berkadia

Berkadia

Agency
Deals1097
Volume$45.7B

Deal Summary

LOAN IMAGE: Chris Apone, Charles Foschini, Mitch Sinberg & Matt Robbins DATE: 06/30/2022 ADDRESS: 1101 Club Exchange Dr MARKET: Holly Springs, NC ASSET TYPE: Multifamily ~ UNITS: 316 LENDER: PIMCO Commercial Real Estate Debt Fund II, LP BROKERS: Charles Foschini, Chris Apone, Mitch Sinberg & Matt Robbins - Berkadia LOAN AMOUNT: $65,000,000 LOAN TYPE: Refinance LOAN TERMS: Floating-rate bridge loan,with a 24-month term and three one-year extension options

Comparables


We could not find what you were looking for, try a different filter

Contact

Broker's profile image

1101 Club Exchange Drive

  • Comparables

  • Contact

  • Share


  • Login to Suggest Edits