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 in Leland, NC. Representing the borrower SR Real Estate Partners and Circle Squared Alternative Investments was Gideon Gil, Zachary Kraft, Sebastian Sanchez and Dale Braverman of Cushman & Wakefield.
Gil commented on the successful transaction: “We are thrilled to have secured this financing for what will be a best-in-class multifamily community. This milestone marks an important step towards fulfilling the growing demand for high quality housing options in Wilmington’s submarket.”
The 25 acre site will feature 140 single family rental townhomes as well as 128 traditional units across two four story elevator buildings located within 15 minutes of Downtown Wilmington.
