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Banner Secures $26M Refi on The Lincoln Apts. in Raleigh

HFF Places Loan with MetLife for 224-Unit Multifamily Community
February 21, 2018
Banner Real Estate Group, a fully integrated real estate operating company based in Northbrook, IL, secured $26 million in financing for The Lincoln Apartments, a 224-unit multifamily complex at 408 E. Hargett St. in Raleigh, NC.

Matthew Schoenfeldt, Cory Fowler and Roger Edwards of Holliday Fenoglio Fowler LP (HFF) arranged the financing on behalf of the borrower, placing the floating-rate loan with MetLife Investment Management.

Built in 2015, the four-story multifamily community features a mix of one- and two-bedroom floorplans, ranging in size from 553 to 1392 square feet. Community amenities include a clubhouse, swimming pool, outdoor fireplace and grilling areas, fitness center, pet spa, coffee bar, enclosed parking garage and electric car charging stations.

The Lincoln Apartments is in close proximity to the North Carolina State Capitol and Interstate 40.
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