| Rapunzel, let down your hair (or just some capital). Red Mortgage Capital's Charlotte office has provided almost $30M in Fannie Mae financing to Bell Partners toward the $40.5M purchase of Century at Preston Reserve, a multifamily development in Cary, Red?s Lee McNeer tells us. |
| The 360-unit complex will be renamed Bell Preston Reserve. (OK, then, Belle... all Disney princesses welcome.) Red also worked with Fannie Mae to arrange a TIC ownership structure sponsored by the buyer. Greensboro-based Bell Partners is the nation's 10th-largestmanager of apartments and 28th-largest owner, according to 2011 National Multi Housing Council rankings. |
Sign up for more articles like this
Subscribe to Bisnow's Charlotte Newsletters
Related Stories
:quality(80))
:quality(80))
:quality(80))
:quality(80))
:quality(80))
:quality(80))
:quality(80))
:quality(80))
:quality(80))
:quality(80))
:quality(80))
:quality(80))