The Fallon Company Secures $100.5 Million Loan From TD Bank For Twelve03 Development In Charlotte

The asset involved in this transaction is a development site located at 1203 South Caldwell Street in Charlotte, NC. The site is set for a multifamily project that includes 329 units, indicating significant development potential as part of a construction initiative. The financing secured for this project amounts to $100,500,000 through a senior loan from TD Bank, which will facilitate the development processes. The landlord involved in this transaction is The Fallon Company.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $100,500,000
• Market: Charlotte, NC
• Lender: TD Bank
• Landlord: The Fallon Company
• Brokers: Taylor Allison, Alexis Kaiser & Ryan Mueller - JLL
• Loan Type: Construction

This transaction involves significant players in the real estate and finance sectors. The Fallon Company, as the landlord, has engaged in securing construction financing to advance the Twelve03 at Centre South project. RXR Realty Investments provided equity for this development, and the arrangements were facilitated by the brokerage team from JLL, which includes Taylor Allison, Alexis Kaiser, and Ryan Mueller.