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Atlanta & Southeast  + Carolinas  + Apartments  |  April 15, 2026
Evolve at the Pines
Mike Boyd
By: Mike Boyd

Evolve Inks $49M Refi for Greenville Rental Asset

NewPoint Real Estate Capital provided a $49 million bridge loan for the refinance of Evolve at the Pines Apartment Homes, a 288-unit multifamily property located in Greenville, North Carolina. Evolve at the Pines Apartment Homes is a brand-new community situated near East Carolina University.

The 24-month interest-only loan was tailored to provide the borrower with flexibility during the property’s lease-up period and a smooth transition to an agency takeout. The loan was originated by NewPoint’s Mike Ortlip on behalf of Evolve Companies, the developer.

The 288-unit property features modern apartment homes and resort-style amenities including a saltwater pool, fitness center, clubhouse, dog park, and EV charging stations, with easy access to shopping, dining, entertainment, and major thoroughfares.

Rents range from $1,400 to $2,852, and one- to three-bedroom units range from 776 to 1,267 square feet.

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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
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