Share:
Walker & Dunlop Capital Markets | Real Estate Finance arranged a $105 million loan to refinance Maeve, a newly delivered 297-unit luxury high-rise community located in an opportunity zone in the heart of Raleigh’s Warehouse District.
Led by Alexandra Huffman, Justin Nelson, and PJ Feichtmeier, the team arranged the refinance on behalf of longtime client, Capital Square, and arranged the floating-rate, interest-only bridge loan with TPG Real Estate Credit.
"This transaction highlights several unique aspects, including Maeve’s institutional-quality design, early lease-up profile, and an Opportunity Zone equity structure inclusive of preferred equity,” said Huffman, managing director of Capital Markets | Real Estate Finance at Walker & Dunlop. “Executing a refinance while maintaining preferred equity in the capital stack required a thoughtful capital solution, particularly in a market navigating elevated new supply. We’re pleased to partner with Capital Square and TPG Real Estate Credit to position this asset for continued stabilization and long-term success.”