CAPITAL ADVISORS SECURES $40M LOAN

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CHAPEL HILL, N.C. — Capital Advisors has arranged $40 million in refinancing for East 54, a mixed-use development located on Highway 54 in Chapel Hill. The property contains 114,476 square feet of office space, 55,585 square feet of retail space, residential condos and a new W Aloft hotel, which is separately owned. The hotel and condos were not part of the collateral for the loan. Clark Jenkins of Capital Advisors arranged the 10-year loan with a 30-year amortization schedule on behalf of the borrower, East West Partners, through JP Morgan.

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