REBusinessOnline

HFF Provides $24M Refinancing Loan for Multifamily Community in Raleigh

RALEIGH, N.C. — HFF, a JLL company, has provided a $24 million Freddie Mac Green Advantage refinancing loan for Olde Raleigh Apartments in Raleigh. The 10-year loan features a floating interest rate. The borrower, Taurus Investment Holdings LLC, will use the proceeds to pay off existing debt. Details about energy-saving improvements were not disclosed. Olde Raleigh is located at 4000 Grand Manor Court, seven miles west of downtown Raleigh. The property offers one- through three-bedroom floor plans and was 94 percent occupied at the time of sale. Communal amenities include a swimming pool, grilling station, clubroom, fitness center, business center with conference lounge, car care center, pet wash station and a dog park.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Walker & Dunlop

Subscribe to the newsletter
Conferences


Webinars on Demand


Read the Digital Editions

Northeast Multifamily & Affordable Housing Business

Midwest Multifamily & Affordable Housing Business

Western Multifamily & Affordable Housing Business

Texas Multifamily & Affordable Housing Business

Southeast Multifamily & Affordable Housing Business

Heartland Real Estate Business

Northeast Real Estate Business

Southeast Real Estate Business

Texas Real Estate Business

Western Real Estate Business

Shopping Center Business

California Centers

Student Housing Business

Seniors Housing Business

Featured Properties