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$31,090,000 | Charlotte, NC building

Charlotte, NC

Transaction Type



Loan Type

Bridge Portfolio

Situation & Challenges

  • Multiple TIC member organizational structure
  • 2-Class A, student housing property portfolio
  • Borrower’s business plan included raising rents and potentially converting to conventional use

Solutions & Highlights

  • Properties are located in a strong submarket near the University of North Carolina Charlotte
  • Out of town Borrower with significant experience in the local, Charlotte, NC market
  • Quick loan close execution
  • 3-year, floating rate, full term interest only execution with CapEx facility