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City: Durham
215 William Penn Plaza
Independence Park apartment complex is 96 percent occupied. Magma financed its purchase of Independence Park with a $37 million Freddie Mac loan written by Greystone. The 10-year loan pays a floating coupon.
three flex-office buildings in the Triangle Business Center
Triangle Business Center II-A and II-B, both of which were built in 1984, and Triangle Business Center III, which was built in 1988.
5827 and 5927 South Miami Blvd.
Bradford Center and Berrington Center are fully leased.
2029 Bedford St.
501 Towns Apartments Regions Bank has provided $28.3 million of Fannie Mae financing against the property, which previously encumbered by an $18.6 million Fannie loan that M&T Bank had provided in 2014 and was securitized through FNA, 2019-M18.
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