Wickenden Partners Provides $12M Bridge Loan For High Meadows Apartments In Charlotte, NC

The recent loan transaction involved the property located at 700-855 Farmhurst Drive in Charlotte, NC. The asset is a multifamily property with a total square footage of 146,672 and consists of 184 units. The loan was provided by Wickenden Partners, a lending firm. The landlord of the property is High Meadows Apartments. The loan amount for this transaction was $12,000,000, and it was categorized as a bridge loan. The loan terms specified a Loan-to-Cost (LTC) ratio of 78%.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $12,000,000
• Address: 700-855 Farmhurst Drive, Charlotte, NC
• Market: Charlotte, NC
• Square Footage: 146,672
• Units: 184
• Lender: Wickenden Partners
• Landlord: High Meadows Apartments
• Loan Type: Bridge
• Loan Terms: 78% LTC

Cyrus Mojdehi & Danny Hirschberg facilitated the loan as representatives of Wickenden Partners. They played a crucial role in ensuring the successful completion of the deal, representing the lending firm. The involvement of Wickenden Partners demonstrates their expertise and commitment to providing financial solutions in the real estate market.