Strategic Financing Structure<\/strong><\/h2>\n

The transaction was structured with a focus on both near-term cash flow optimization<\/strong> and long-term value preservation<\/strong>, featuring:<\/p>\n

\n
• 7-Year Loan Term<\/strong><\/li>\n
• 5 Years Interest-Only (IO)<\/strong><\/li>\n
• 2% Rate Buydown<\/strong><\/li>\n
• Safe Harbor Tax Abatement<\/strong><\/li>\n<\/ul>\n

  This capital structure provides enhanced flexibility during the early years of the loan while positioning the asset for continued performance in a dynamic interest rate environment. The interest-only period, in particular, supports improved cash flow, allowing for reinvestment into operations and strategic capital initiatives.<\/p>\n

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  \n

  Asset Overview & Performance<\/strong><\/h2>\n

  Willow Bend is a 1993-vintage<\/strong> garden-style community consisting of 44 units<\/strong> with an average unit size of approximately 888 square feet<\/strong>.<\/p>\n

  At the time of refinancing, the property was operating at 95% occupancy<\/strong>, demonstrating strong demand fundamentals and effective on-site management.<\/p>\n

  Key highlights include:<\/p>\n

  \n
  • Stabilized occupancy levels<\/li>\n
  • Consistent leasing performance<\/li>\n
  • Durable asset fundamentals within a high-growth submarket<\/li>\n<\/ul>\n

    Durham continues to benefit from strong population growth, employment expansion, and proximity to the Research Triangle, reinforcing long-term rental demand.<\/p>\n

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    \n

    Execution & Market Positioning<\/strong><\/h2>\n

    This refinance underscores New Urban Residential’s ability to:<\/p>\n

    \n
    • Execute favorable financing in evolving capital markets<\/strong><\/li>\n
    • Maintain high-performing stabilized assets<\/strong><\/li>\n
    • Leverage agency lending programs to optimize returns<\/strong><\/li>\n
    • Preserve affordability while enhancing operational efficiency<\/strong><\/li>\n<\/ul>\n

      By securing financing through Freddie Mac’s targeted affordable housing platform, the transaction aligns with both financial objectives and broader housing accessibility initiatives<\/strong>, reinforcing the firm’s commitment to responsible and sustainable multifamily operations.<\/p>\n

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      \n

      Partnership & Closing<\/strong><\/h2>\n

      The financing was arranged by CBRE’s Multifamily Debt & Structured Finance team<\/strong>, whose execution and market expertise were instrumental in delivering a competitive structure tailored to the asset’s performance profile.<\/p>\n

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      \n

      Looking Ahead<\/strong><\/h2>\n

      The successful refinance of Willow Bend represents another milestone in New Urban Residential’s continued growth across the Carolinas. With a disciplined focus on operational excellence, strategic capital deployment, and market-driven decision-making<\/strong>, the firm remains well-positioned to navigate market cycles and deliver consistent value to investors and stakeholders.<\/p>\n

      <\/p>\n","protected":false},"excerpt":{"rendered":"

      New Urban Residential is pleased to announce the successful refinancing of Willow Bend Apartments, a 44-unit garden-style multifamily community located in Durham, North Carolina, further strengthening the firm’s portfolio positioning and long-term investment strategy. The refinancing, secured through Freddie Mac’s Targeted Affordable Housing program, totaled over $6 million and reflects both the stability of the… <\/p>\n

      Read More <\/span><\/a><\/p>\n","protected":false},"author":31205,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8","post","type-post","status-publish","format-standard","hentry","category-multifamily"],"metadata":{"_pingme":["1"],"_yoast_wpseo_metakeywords":[""],"_yoast_wpseo_title":["New Urban Residential Successfully Closes $6M+ Refinance of Willow Bend Apartments in Durham, NC - New Urban Residential Blog"],"_yoast_wpseo_metadesc":["New Urban Residential is pleased to announce the successful refinancing of Willow Bend Apartments, a 44-unit garden-style multifamily community located in Durham, North Carolina, further strengthening the firm\u2019s portfolio positioning and long-term investment strategy. The refinancing, secured through Freddie Mac\u2019s Targeted Affordable Housing program, totaled over $6 million and reflects both the stability of the\u2026 Read More"]},"yoast_head":"\n