CARY, N.C. — Mesa West Capital has provided a $29.7 million loan for Addison, Texas-based McDowell Properties’ acquisition of The Ellery of Cary, a 194-unit property in Cary. The financing was arranged by Trevor Brotman, Tricia Linden, and Kara Profitt out of Walker & Dunlop’s Irvine, California, office. Built in 1988 on approximately 19 acres, The Ellery of Cary offers a mix of one- and two-bedroom floor plans averaging 875 square feet. Units feature stainless steel appliances, laminate flooring, walk-in closets, private balconies and in-unit washers and dryers. Amenities include a pool with a sun deck, 24-hour fitness center, dog park, outdoor courtyard with fire pits and grills and walking trails with direct access to the Black Creek Greenway, a 7-mile multi-use trail.
Addison, Texas-based McDowell Properties has acquired The Ellery of Cary in Cary, N.C. Mesa West Capital provided a $29.7 million acquisition loan, which was arranged by Walker & Dunlop.
Mesa West Funds $29.7M Acquisition Loan for The Ellery of Cary in North Carolina
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