atlanta real estate news tagged interest

Barings provided a $134 million loan to refinance the existing loan on Smoky Hollow in Raleigh. The mixed-use development was delivered in 2020 by a joint venture between Kane Realty Corporation, Williams Realty andamp; Building Company, and Lionstone Investments.

Smoky Hollow is comprised of a 283-unit Class-A apartment complex (“The Line”), a highly amenitized 229,000 square foot office building (“421 N Harrington”), and roughly 40,000 square feet of ground floor retail featuring a blend of restaurants and retailers.

The financing from Barings has a five-year term and JLL’s Travis Anderson, Colby Mueck, and Warren Johnson advised the sponsorship on the financing.

Barings says this transaction expands the company’s $24.2 billion real estate debt platform, which leverages the team’s direct origination capabilities and deep credit expertise to invest in loans secured by institutional-quality commercial real estate.