Capital Square Lands $105M Refi for Newly Built Raleigh Rental Asset

Capital Square obtained 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.

Walker & Dunlop Capital Markets Real Estate Finance arranged the refinance. Alexandra Huffman, Justin Nelson, and PJ Feichtmeier arranged the floating-rate, interest-only bridge loan with TPG Real Estate Finance.

Completed in 2025, Maeve features 297 apartment homes and more than 10,000 square feet of street-level retail space. The community offers studio and one- to three-bedroom residences and a full suite of amenities, including a resort-style pool, rooftop lounge, coworking spaces and golf simulator.

The property offers walkable access to entertainment venues, restaurants, cultural landmarks and major employers. Its proximity to U.S. Route 70 also provides convenient connectivity to the Research Triangle and several nationally recognized universities, including Duke University, the University of North Carolina at Chapel Hill and North Carolina State University.