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.
