Turnbridge Equities Secures $51M Construction Loan for Single-Family BTR Community in Raleigh, NC
Turnbridge Equities has secured a $51 million construction loan for a single-family build-to-rent (BTR) community in Raleigh, North Carolina, according to the Institute for Real Estate Operation Companies.
Specific details including the lender, loan terms, unit count, and property address were not disclosed in available sources.
Deal Details
The $51 million construction loan will fund development of a single-family BTR community in Raleigh, North Carolina. The transaction represents a debt placement in which Turnbridge Equities is serving as the lead sponsor and developer on the project.
Specific financing terms — including the lender identity, loan term, interest rate, and extension options — were not disclosed in the announcement.
Turnbridge Equities Recent Activity
The Raleigh BTR financing is among a series of transactions Turnbridge Equities has executed across multiple markets. According to the Triangle Business Journal, the firm also secured financing for a 37-story tower in Raleigh's Glenwood South neighborhood.
In Durham, North Carolina, the Triangle Business Journal reported in November 2024 that Turnbridge Equities undertook a repositioning of an iconic office tower, attracting new tenants to the renovated property.
Beyond the Carolinas, Turnbridge Equities has pursued industrial real estate acquisitions across multiple markets. Recent transactions reported by trade publications include the $28 million purchase of a San Fernando Valley industrial park in California, a $20 million acquisition of a Queens, New York property as a stalking horse bidder, a 255,000-square-foot lease at a Bayonne, New Jersey industrial complex, and an additional industrial site acquisition in Brooklyn. CoStar also reported the firm executed a small-bay industrial acquisition in Los Angeles. In Virginia, the Virginia Pilot reported that a $70 million Hampton Logistics Center was slated for fall completion.
Firm Background
Turnbridge Equities is a New York-based real estate investment and development firm with a portfolio spanning industrial, office, and residential asset classes, based on transactions reported in available sources.