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TORONTO, April 27, 2022 /CNW/ - Starlight U.S. Multi-Family (No. 2) Core Plus Fund (TSXV: SCPT.A) (TSXV: SCPT.U) (the "Fund") announced today that, further to its initial announcement dated March 31, 2022, it has completed the refinancing ("Refinancing") of Hudson at East and acquired a Class "A" institutional quality multi-family property completed in 2002 and located in Raleigh, North Carolina (the "Property"). The US$106.0 million purchase price was satisfied with cash proceeds from the Refinancing and new debt of approximately US$87.9 million, including US$81.5 million of initial funding and US$6.4 million of future funding for capital expenditures. The debt will be interest only and as at April 27, 2022 carries a blended rate of 3.92% and a blended term of approximately three years.
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