Southeast Regional Office
Peace and West Apartments
Raleigh, North Carolina
“New York Life has provided a construction loan to Kane Realty Corporation, a premier Raleigh developer, to build Peace and West, an 11 story high-rise apartment property located one mile north of downtown Raleigh, and one block east of the restaurants and night life on Glenwood Avenue. A Publix grocer will be located on the ground floor. The city is in the process of building a 16 acre park across the street and making street improvements to Capital Boulevard and Peace Street that will enhance the area. The property will contain high end amenities, and feature 417 units with top of the line finishes and views of downtown and north Raleigh. This will be the first thing people see as they drive down Capital Boulevard into downtown from the northern suburbs. We are very excited to be working with Kane on this deal.”
— Randall M. Hall, Senior Director
- Non-Recourse, 60% loan to cost, construction financing on a high rise multifamily property
- Floating rate with full term interest only
Source: REI Southeast Regional Office, May 2018.