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Barings has provided a $134 million loan to refinance the existing debt on Smoky Hollow, a mixed-use development in Raleigh, N.C. Kane Realty Corp., Williams Realty & Building Co. and Lionstone Investments delivered the project in 2020.

Smoky Hollow is situated within Raleigh’s Glenwood South neighborhood and comprises The Line, a 283-unit Class A apartment community, and 421 N. Harrington, a highly amenitized 229,000-square-foot office building. The latter features approximately 40,000 square feet of ground-floor retail, including a mix of experiential restaurants and shops. The financing from Barings has a five-year term. JLL’s Travis Anderson, Colby Mueck and Warren Johnson advised the sponsorship on the financing.