Pace Financial Group, a full service mortgage banking company, has arranged financing for Park West Village – Morrisville, North Carolina, Phases I & II. The property is a planned multi- phased development including retail, office, residential and a movie theater; shadow anchored by a Super Target. Morrisville is adjacent to Cary, North Carolina and home to the Research Triangle Park. Total development will exceed 375,000 square feet on a 100+ acre parcel.
The borrower was the Casto Group and financing included interim and construction components with funding provided by US Bank and Key Bank totaling $68,720,000.