Capital Square secures $105 million refinancing for Maeve luxury apartment community in Raleigh, North Carolina
Capital Square secured a $105 million floating-rate, interest-only bridge loan to refinance Maeve, a newly delivered 297-unit luxury high-rise apartment community in Raleigh’s Warehouse District. The refinancing was arranged by Walker & Dunlop Capital Markets Real Estate Finance on behalf of Capital Square, with TPG Real Estate Finance providing the loan. Completed in 2025, Maeve features 297 apartment homes and over 10,000 square feet of street-level retail space, including studio and one- to three-bedroom residences with resort-style amenities such as a pool, rooftop lounge, coworking spaces, and a golf simulator. The property is strategically located in a designated Opportunity Zone, offering Capital Square tax advantages alongside strong market positioning in a high-demand submarket. Maeve’s proximity to Dorothea Dix Park, downtown Raleigh, and major employers like Duke University and North Carolina State University enhances its appeal to renters seeking walkable urban living. The refinancing underscores Capital Square’s focus on high-quality assets in markets with sustained population growth and economic expansion.
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