Capital Advisors Secures $17 Million in Refinancing for Main Street Square

Holly Springs, N.C. – Main Street Square includes 70,000 square feet of retail, office and restaurant space; a 6,000-square-foot medical office building; 101 townhomes and 16 cottage homes.

Holly Springs, N.C. – Capital Advisors has arranged $17.2 million in refinancing for Main Street Square, a Class A, mixed-use development located in Holly Springs, just southwest of Raleigh. The collateral for the loan includes 172 apartment units and 32,285 square feet of commercial space. Cooper Willis of Capital Advisors Charlotte office arranged the fixed-rate loan on behalf of the borrower, MSS Apartments LLC, through Morgan Stanley. The loan is non-recourse and has a 10-year term and 30-year amortization. In addition to the collateral property, Main Street Square includes 70,000 square feet of retail, office and restaurant space; a 6,000-square-foot medical office building; 101 townhomes and 16 cottage homes.

 Scott Reid

 

 

 

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