{"id":1004119483,"date":"2015-05-14T14:19:14","date_gmt":"2015-05-14T22:19:14","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=347939"},"modified":"2022-12-03T10:24:30","modified_gmt":"2022-12-03T18:24:30","slug":"cbre-secures-29-3m-financing-for-kane-realtys-multifamily-project-at-north-hills-in-raleigh","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-secures-29-3m-financing-for-kane-realtys-multifamily-project-at-north-hills-in-raleigh\/","title":{"rendered":"CBRE Secures $29.3M Financing for Kane Realty\u2019s Multifamily Project at North Hills in Raleigh"},"content":{"rendered":"

By Adriana Pop, Associate Editor <\/em><\/p>\n

\"\"<\/a>Through its Debt & Structured Finance team, CBRE Capital Markets has arranged $29.3 million in construction and mezzanine financing for The Dartmouth, a 171-unit luxury apartment building rising at 104 Dartmouth Road in Raleigh.<\/p>\n

Mark Fisher and Alex Furnary of CBRE\u2019s Midtown Manhattan office arranged and coordinated the loans on behalf of Kane Realty Corp., the project\u2019s developer. SunTrust Bank provided $24.5 million in construction financing, while Federal Capital Partners provided mezzanine debt in the amount of $4.8 million.<\/p>\n

\u201cWith sub 2.5 percent construction financing, the blended rate of the capital stack was extremely appealing,\u201d Fisher said in a news release.<\/p>\n

The first units in the smoke-free community are scheduled for completion in the third quarter 2016. Amenities include a clubroom with billiards, poker lounge and smart TV’s, business center, saltwater pool, fitness center, entertainment kitchen, bike storage, pet grooming and washing station, gated parking, electric vehicle charging stations and a controlled access system. Residents will also enjoy luxury finishes such as 9′ ceilings, open kitchens, granite countertops, stainless steel appliances, hardwood floors, balconies, as well as washers and dryers.<\/p>\n

The upcoming mid-rise residential complex is part of the 2 million-square-foot North Hills live-work-play community (pictured<\/em>) Kane Realty has been developing for the past 15 years.<\/p>\n

\u201cKane has created one of the most desirable work-live-play sections in Raleigh,\u201d Fisher added. \u201cThe Dartmouth is surrounded by hundreds of high-end apartment units and within walking distance to several restaurants, hotels, parks, retail and entertainment venues.\u201d<\/p>\n

Photo credits: www.kanerealtycorp.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Through its Debt & Structured Finance team, CBRE Capital Markets has arranged $29.3 million in construction and mezzanine financing for The Dartmouth, a 171-unit luxury apartment building rising at 104 Dartmouth Road in Raleigh.<\/p>\n","protected":false},"author":260,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1604],"tags":[],"class_list":["post-1004119483","post","type-post","status-publish","format-standard","hentry","category-latest","category-raleigh-durham"],"acf":[],"yoast_head":"\nCBRE Secures $29.3M Financing for Kane Realty\u2019s Multifamily Project at North Hills in Raleigh - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cbre-secures-29-3m-financing-for-kane-realtys-multifamily-project-at-north-hills-in-raleigh\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBRE Secures $29.3M Financing for Kane Realty\u2019s Multifamily Project at North Hills in Raleigh\" \/>\n<meta property=\"og:description\" content=\"Through its Debt & Structured Finance team, CBRE Capital Markets has arranged $29.3 million in construction and mezzanine financing for The Dartmouth, a 171-unit luxury apartment building rising at 104 Dartmouth Road in Raleigh.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cbre-secures-29-3m-financing-for-kane-realtys-multifamily-project-at-north-hills-in-raleigh\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-05-14T22:19:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-03T18:24:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/05\/North-Hills-Live-Work-Play-Community-in-Raleigh.png\" \/>\n<meta name=\"author\" content=\"Adriana Pop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-secures-29-3m-financing-for-kane-realtys-multifamily-project-at-north-hills-in-raleigh\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-secures-29-3m-financing-for-kane-realtys-multifamily-project-at-north-hills-in-raleigh\\\/\"},\"author\":{\"name\":\"Adriana Pop\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"headline\":\"CBRE Secures $29.3M Financing for Kane Realty\u2019s Multifamily Project at North Hills in Raleigh\",\"datePublished\":\"2015-05-14T22:19:14+00:00\",\"dateModified\":\"2022-12-03T18:24:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-secures-29-3m-financing-for-kane-realtys-multifamily-project-at-north-hills-in-raleigh\\\/\"},\"wordCount\":262,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-secures-29-3m-financing-for-kane-realtys-multifamily-project-at-north-hills-in-raleigh\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/05\\\/North-Hills-Live-Work-Play-Community-in-Raleigh.png\",\"articleSection\":[\"News\",\"Raleigh-Durham\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-secures-29-3m-financing-for-kane-realtys-multifamily-project-at-north-hills-in-raleigh\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-secures-29-3m-financing-for-kane-realtys-multifamily-project-at-north-hills-in-raleigh\\\/\",\"name\":\"CBRE Secures $29.3M Financing for Kane Realty\u2019s Multifamily Project at North Hills in Raleigh - 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