Hunters Landing

1728 Race Track Road, New Bern NC 28562

$ 850,000

Hunters Landing

1728 Race Track Road, New Bern NC 28562
Asset Type
Affordable Housing
Date Sold
November 8, 2016
Price
$ 850,000
Per Unit
$ 18,000
Total Units
48
Year Built
1997
Market
Eastern North Carolina

Deal Highlights

Tax Credit LIHTC multifamily asset was heavily distressed, already in receivership, heading to foreclosure
Bank needed a highly qualified cash buyer who could move quickly, post-foreclosure if necessary
We targeted our most suitable buyers and quickly aligned the 'best' buyer for this asset and situation
Upon completion of foreclosure, we facilitated a successful sale and transition to satisfy all parties
APARTMENT CORE represented the Buyer

Location

Contact

TeamMembers-WayneBraren-Color-340x340

Wayne Braren

919-861-9730 x1
Wayne@ApartmentCore.com
TeamMembers-MikeSiciliano-Color-340x340

Mike Siciliano

919-861-9730 x2
Mike@ApartmentCore.com

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