Tradition at Stonewater

HFF Arranges $29.7M Loan for Apartment Community in Metro Raleigh

by John Nelson

CARY, N.C. — HFF has arranged $29.7 million in acquisition financing for Tradition at Stonewater, a 351-unit, Class A apartment community located at 12000 Wisdom Drive in Cary, roughly 35 minutes northwest of Raleigh. Matthew Schoenfeldt, Jason Bond, Travis Anderson and Ryan Clutter of HFF arranged the seven-year, fixed-rate loan through Allianz Real Estate of America Inc. on behalf of the borrower, Banner Apartments LLC. Tradition at Stonewater’s amenity package includes a resort-style saltwater swimming pool, outdoor lounge, summer kitchen, fitness center, theater, business center and a gated dog park.

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