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Leon Capital Secures Loan for 205-Unit Hillstone at Alston Town Center

HFF Arranges Financing Totaling $31.5M for Multifamily Project in Cary
February 22, 2018
Leon Capital Group, an investment and development company based in Dallas, secured financing totaling $31.5 million for the 205-unit Hillstone at Alston Town Center, a multifamily community in Cary, NC.

Cory Fowler, Travis Anderson and Roger Edwards of Holliday Fenoglio Fowler LP (HFF) arranged financing on behalf of the borrower, placing a $21.3 million, floating-rate loan through UBTNC, a division of Union Bank & Trust, and $10.2 million in preferred equity from Marble Capital.

The project, which is scheduled for completion in the spring of 2019, totals 205,000 square feet and is adjacent to the 550,000-square-foot, Whole Foods-anchored Alston Town Center. Hillstone will offer a mix of floorplans averaging 948 square feet and will feature a swimming pool, courtyard, fitness center, grilling area, lounge, pet park and conference center.
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