PIMCO Provides $65M Bridge Loan For 316-Unit Multifamily Property In Holly Springs
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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
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- Location1101 Club Exchange Drive
- Loan Value$65,000,000
- Asset TypeMultiFamily
- Parties4 Brokers, 1 Agency
Agents
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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
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1101 Club Exchange Drive
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