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Medalist Capital Arranges $71M Financing for Two Apartment Communities in Raleigh, Durham

Solis Ninth is a 229-unit apartment community located in downtown Durham.

Solis Ninth is a 229-unit apartment community located in downtown Durham.

RALEIGH AND DURHAM, N.C. — Medalist Capital has arranged $71 million in financing for two apartment communities in Raleigh and Durham. The properties include the 203-unit Gramercy in downtown Raleigh and the 229-unit Solis Ninth in downtown Durham. Howard Brooks of Medalist Capital’s Raleigh office arranged the two separate loans through a life insurance company on behalf of the undisclosed borrowers.

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