Diamondback Investment Group Secures $24 Million Construction Loan for Two Single-Family Housing Community Projects in Greensboro, North Carolina [Yahoo! Finance]
Wolfspeed, Inc. (WOLF)
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Source: Yahoo! Finance
GREENSBORO, N.C., April 15, 2024 BUSINESS WIRE )--Diamondback Investment Group ("Diamondback"), a North Carolina-based land acquisition and development company, today announced it has secured a $24 million construction loan to support the horizontal development of two master-planned single-family housing communities in Greensboro, North Carolina. The two communities, Gardenia Walk and Vandalia Crossing, total a combined 221 acres and 1,044 lots. Mavik Capital Management ("Mavik"), a multi-strategy investment firm with a flexible strategy focused on U.S. commercial real estate credit, provided a $24 million first mortgage loan to support the development project. "Greensboro is the next major growth area for housing starts in the state due to the influx of new, high-paying manufacturing jobs in the area. As a result, the proximity of both Gardenia Walk and Vandalia Crossing to several of the largest local manufacturing plants makes them incredibly well-positioned to benefit from th
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News
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- Wolfspeed, Inc. (NYSE: WOLF) had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $35.00 to $30.00. They now have a "hold" rating on the stock.MarketBeat
- Wolfspeed, Inc. (NYSE: WOLF) had its price target lowered by analysts at Susquehanna from $35.00 to $25.00. They now have a "neutral" rating on the stock.MarketBeat
- Wolfspeed Comments on Letter from JANA Partners [Yahoo! Finance]Yahoo! Finance
WOLF
Earnings
- 1/31/24 - Beat
WOLF
Sec Filings
- 3/4/24 - Form 8-K
- 2/14/24 - Form SC
- 2/13/24 - Form SC
- WOLF's page on the SEC website