$62.1M refinancing secured for North Carolina multifamily community
United States, Oct. 19 -- JLL Capital Markets announced today that it has arranged a $62.1 million refinancing for Exchange at Holly Springs, a 316-unit, Class A garden-style apartment community in Holly Springs, North Carolina.JLL represented the borrowers, Myers Apartment Group (MAG) and Torchlight Investors, to secure the five-year, floating-rate loan through D2 Residential.Built in 2020, Exchange at Holly Springs comprises 137 one-, 141 two-, and 38 three-bedroom units across 11 buildings on a 21.58-acre. High-end unit finishes include full-size washers and dryers, balconies or patios, stainless steel appliances and granite countertops. The community was 97% occupied at closing. Premium amenities include a saltwater pool, a 24/7 fitness...
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