Capstone Capital Closes $37.6 Million Loan for 348-Unit Apartment Community in Cary, North Carolina

CARY, NC - Capstone Capital announces the recent financing of Amberton at Stonewater Apartments in Cary, NC. The 348-unit community qualified for a non-recourse, Fannie Mae loan program with a loan amount of $37,584,000 with 3 years of interest only at a rate of 4.49%.Construction of this property was completed in 2014 with 1, 2 and 3 bedroom units and many amenities. Jackson Howard represented the borrower through the completion of the financing. Howard states, “Roy Carroll and The Carroll Companies continue to build class A assets across the Carolinas. We are honored to assist in providing a grand total loan volume of $370,000,000 of optimal financing with maximum leverage to fuel this dominant leader in multifamily development”.  Capstone Capital is a seasoned group of commercial mortgage brokers who share a different view on the business. For us, the borrower is more valuable than the lender. We put our best resources in competition to secure the best loan for our clients. Our packages get prompt attention from lenders because they’re detailed and transparent, ensuring a smooth, no-surprises process for all. Then we go the extra mile, because this business is about more than a great mortgage rate. We’re thorough, we’re involved, and we take the pressure off of our clients.  It’s the reason 80% of our business is repeat customers.

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