News Category: News

CastleSquare arranges $4,250,000 of preferred equity for Knoxville, TN multifamily property acquisition

KNOXVILLE, May 31, 2024 – CastleSquare’s capital markets group announced today it has arranged a $4.25 million in preferred equity for the acquisition of Adelade Apartments, a multifamily complex located in Knoxville, Tennessee. The sponsorship assumed a $10.5 million Freddie Mac loan with an interest rate of 5.61% and invested $4.35 million of common equity. CastleSquare brought $4.25 million in preferred equity to complete the capital stack.

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CastleSquare arranges $7,100,000 of preferred equity for Tucson, AZ apartment acquisition 

TUCSON, Dec. 20, 2023 – CastleSquare’s capital markets group announced today it has arranged a $7.10 million in preferred equity for the acquisition of The Place at Spanish Trail, a multifamily complex within the East Tucson submarket. The sponsorship utilized short term senior and provided $10 million of common equity. CastleSquare brought $7.10 million in preferred equity to fill out the capital stack.

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