Wells Fargo Provides $45M Construction Loan For Charlotte Condo Development

130 Cherokee Rd, Charlotte, NC, USA

$45,000,000

$6,077/SF

Building Size

7,405 SF

Asset Type

—

Closing

Oct 18, 2021

AI

The Lutgert Companies has secured a $45,000,000 construction loan for a condo project located at 130 Cherokee Rd in Charlotte, North Carolina. The project consists of 32 units and is being financed by Wells Fargo.

Summary of transaction details

Property Type: Condo
Transaction Amount: $45,000,000
Units: 32
Market: Charlotte, North Carolina

The loan for this condominium project was arranged by Chris Drew, Brian Gaswirth, John Gavigan, and Reid Carleton of JLL Capital Markets, who represented The Lutgert Companies. Wells Fargo acted as the lender in this transaction.

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