Berkadia Secures $42 Million Recapitalization for a 248-Unit Community in Suburban Raleigh, North Carolina

09 August 2021

Raleigh, N.C. (August 9, 2021) – Berkadia announces it has arranged $42 million in refinancing for Meridian at Harrison Pointe, a 248-unit multifamily community in Cary, North Carolina. Senior Directors Justin Ownby, Henry Tanner, and James (Jimbo) Tanner of Berkadia secured the financing on behalf of NorthView Partners, LLC.

Berkadia originated and Freddie Mac purchased the loan. 

“Markets like the research triangle of Raleigh have seen incredible interest as renters move into areas nationwide with lower living expenditures and high quality of life,” said Ownby. “Noticing this trend, the sponsor identified a long-term vision for the property in a market with key industries including cleantech, advanced manufacturing, IT and life sciences.”

Built in 2015, Meridian at Harrison Pointe is located at 2000 Banyon Grove Loop. One-, two- and three-bedroom units include an island kitchen, walk-in closets, hardwood floors, storage units, security system and washer/dryer. Community amenities feature a fitness center, volleyball court, swimming pool, spa, courtyard, sundeck and game room.



Situated near central Cary, the property is found near a variety of transit routes, parks and retail centers. The property is located on Harrison Avenue, providing direct access to Interstates 40 and 440 and the greater Research Triangle. North Carolina State University is 15 minutes away, with a number of shopping centers and recreational options including Harrison Pointe Shopping Center, J.C. Raulston Arboretum and Lake Johnson Nature Park all less than 10 minutes away from the community.