Investment highlights
- The apartment complex, built between 2021–2022, features 288 units across 12 buildings in Pinehurst, NC.
- Community amenities at the property include a clubhouse, fitness center, pool, two dog park wash areas, fire pits, BBQ areas, a business center, an Amazon parcel hub, coffee bar, two elevators and bicycle storage stations.
- The property is located only three miles from the historic Pinehurst Golf Resort, which has hosted multiple United States Open Championships in golf. The golf resort features nine golf courses, three hotels, as well as many villas, condos, restaurants, and other leisure facilities.
Investment details1
Total loan size
$60,000,000
Purpose
Refinancing
LTV
57.6%
Portfolio weight
0.7%
Units
288
Description
A 2021/2022 vintage, class A multifamily property situated in North Carolina