/PRNewswire/ Hoffman & Associates, a nationally recognized developer and industry leader that specializes in mixed-use and residential communities, today.
/PRNewswire/ Today, Hoffman & Associates, a leading developer of innovative mixed-use and residential communities across the Mid-Atlantic and Southeast,.
by Special to WRAL TechWire January 12, 2021 .
Editor’s note: LimeLight, the newest addition to WRAL TechWire’s growing lineup, offers ways for companies and individuals to bring more attention to their efforts.
RALEIGH Hoffman & Associates, a national leader in mixed-use and residential development known for its commitment to innovative and sustainable development, on Monday closed on a private construction loan totaling $70.6M. The loan will finance the first phase of the development of the Seaboard Station neighborhood on the north edge of Raleigh.
The loan comes in partnership with United Bankshares, Inc. (“United”) (NASDAQ: UBSI) who led the transaction. Despite the COVID-19 pandemic in 2020 and into 2021, the deal was able to close smoothly, indicating strength and confidence in the vision for Seaboard Station, Raleigh’s economy, as well as the Triangle’s commercial real estate market. Hoffman & Associates previously partnered with United Bank with large-scal