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

by Alex Tostado

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.

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