DALLAS, TX – HFF announced today that it has arranged $44.07 million in construction and mezzanine loans for the Gallery at Cameron Village (top left rendering), a 282-unit, Class A multi-housing community under construction in Raleigh, North Carolina.
HFF worked on behalf of the borrower, Crescent Resources, LLC, to secure the $34.29 million construction loan through Capital One. Nationwide Insurance provided the $9.7 million mezzanine loan.
The Gallery at Cameron Village is located at the northeast corner of Oberlin Road and Clark Avenue within Cameron Village, a 600,000-square-foot shopping destination within walking distance of North Carolina State University and within two miles of downtown Raleigh.
Due for completion in spring 2013, the six-story building will have three-stories of structured parking plus 16,000 square feet of retail space and 8,000 square feet of resident service space. Amenities will include a clubroom with wine bar, show kitchen, gaming area, business/study center, fitness center, resort-style salt water swimming pool with an aqua sun deck and grilling stations.
The HFF team representing Crescent Resources, LLC was led by director Travis Anderson and senior managing director Tim Jordan. (lower right photo)
“Cameron Village is the ultimate shopping and dining destination in Raleigh, and we are excited to deliver the first multifamily experience in Cameron Village,” said Brian Natwick, president of Crescent’s multifamily division. “Gallery at Cameron Village will bring luxury apartment homes with a unique design to complement this extraordinary location.” Visit www.livecameronvillage.com to learn more.
Contacts:
Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500,
No comments:
Post a Comment