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Atlanta & Southeast  + Southeast  + Finance  |  September 20, 2019
David Cohen
By: David Cohen

JLL Secures $24M Refinancing for Raleigh MF Community

JLL has secured a $24 million loan to refinance Olde Raleigh Apartments, a 228-unit, garden-style apartment community in Raleigh.

Located at 4000 Grand Manor Ct., the property consists of a mix of one-, two- and three-bedroom floor plans. Features include stainless steel appliances, garden tubs, custom built-ins, plank flooring, in-unit washers and dryers and private patios or balconies. Community amenities include a resort-style pool, outdoor grilling station, clubroom, fitness center and dog park. Olde Raleigh was 94% occupied at closing.

Jamie Leachman of JLL secured the 10-year, floating-rate loan through Freddie Mac’s Green Advantage program, on behalf of borrower Taurus Investment Holdings. Loan proceeds refinanced existing debt on the property.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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