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NKF Secures $35M Refi for Newly-Built North Carolina MF
Comet Westgate Apartments, a newly-completed, 304-unit, Class A, garden-style community located in Wilmington, NC, has been refinanced.
The $35 million Freddie Mac financing effort was led by NKF’s Multifamily Capital Markets managing directors Chris Caison and Josh Davis, of the firm’s Charlotte office.
“The property’s rapid lease-up showcases the strength of the area’s multifamily market and the rising need for quality housing in this fast-growing region of the state,” said Davis. “This was a great team effort between NKF’s Multifamily Capital Markets group, Freddie Mac and our client.”
Built in 2019, the property, near historic downtown Wilmington, offers one and two-bedroom floor plans. Apartments include elevator access, stainless steel kitchen appliances, high-end finishes, upgraded flooring and large walk-in closets. The community features a clubhouse with a 24-hour fitness studio with a yoga room, a resort-style pool with sundeck, fire pits and pickleball courts.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing

