Cushman & Wakefield’s Equity, Debt & Structured Finance team successfully arranged $62 million in construction financing for The Village at Compass Pointe – a 268-unit luxury townhome and rental development community located in Leland, NC. Dwight Mortgage Trust provided the loan to SR Real Estate Partners and Circle Squared Alternative Investments who were represented by Gideon Gil, Zachary Kraft, Sebastian Sanchez and Dale Braverman of Cushman & Wakefield.
Gideon Gil commented on the transaction: “We are delighted to have facilitated this successful financing for what will be an exceptional multifamily community; it marks a significant step towards meeting the increasing demand for high-quality housing options in Wilmington’s submarket.”
The 25-acre site is set to feature 140 single family rental townhomes as well as 128 traditional units across two four story elevator buildings that are just 15 minutes away from Downtown Wilmington.
