Acquisition of 208-unit Apartment Complex in High Point, North Carolina
February 19, 2019
Legacy Capital Partners invested $3.628 million in the acquisition and renovation of an apartment complex located in High Point, North Carolina. The total project costs (including funds needed to complete the renovation) were $16.73 million. The asset was purchased with a $12.195 million fixed rate loan with interest only for the first four years of the term. The total equity requirement was $4.535 million.