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Banyan Residential Secures $64.5 Million Construction Loan for 299-Unit Single Family Rental Community in North Carolina

LOS ANGELES, CA - Banyan Residential, a Los Angeles-based private real estate investment firm, has landed a $64.5 million construction loan from Wells Fargo to finance construction improvements to Banyan Silo Ridge, a 299 single-family rental community in Wilmington, North Carolina. This marks the firm’s seventh SFR deal nationwide with projects throughout Arizona, Texas, Nevada, and North Carolina.
Banyan Silo Ridge offers a mix of two-, three-, and four-bedroom single-family and. ....

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