Cushman & Wakefield arranges $30.3 million loan on behalf of Gindi Equities

Acquisition financing secured for 224-unit apartment community

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Chapel View
Cushman & Wakefield arranged a $30.3 million acquisition loan on behalf of Gindi Equities for Chapel View, a 224-unit apartment community located in Chapel Hill, North Carolina.  

Cushman & Wakefield announced that the commercial real estate services firm has arranged a $30.3 million acquisition loan on behalf of Gindi Equities for Chapel View, a 224-unit apartment community located in Chapel Hill, North Carolina.

Blake Cohen, Mike Ryan, and Brian Linnihan of Cushman & Wakefield’s Equity, Debt & Structured Finance team secured the three-year loan through Harbor Group International Commercial Funding LLC.

Located at 2701 Homestead Road, the property is 80 percent leased and includes one- and two-bedroom units with an average size of 838 square feet. Amenities include a basketball court, clubhouse, cyber café, dog park, fitness center and swimming pool.