FINANCED
Walker & Dunlop Secures $49.3M Construction Loan For Hominy Creek Apartments In Candler
40 Pallet Road
Development Site
Financed 196 days ago
Summary
Loan
NORTH CAROLINA
Development Site
Walker & Dunlop has secured a $49.3 million construction loan for the development of Hominy Creek Apartments, a 216-unit multifamily community located at 40 Pallet Road in Candler, near Asheville. The loan will be used to finance the construction of the new apartment complex.
Summary of Transaction Details
- Property Type: Development Site
- Transaction Amount: $49,300,000
- Units: 216
- Address: 40 Pallet Road, Candler, NC
- Market: Candler, NC
- Landlord: Southeast Partners
- Brokers: Fletcher Dunn, Matthew Wallach, Stephen West & Walker Layne - Walker & Dunlop
The loan, provided by Walker & Dunlop, will support the development of Hominy Creek Apartments. This multifamily community is set to offer 216 units to meet the growing demand for housing in the Candler area near Asheville. Located at 40 Pallet Road, the development site is strategically positioned in a desirable market. The financing obtained for this project will ensure the successful completion of the apartment complex, providing much-needed housing options to the local community.
Players
Details
FINANCED
IMAGE: Fletcher Dunn, Matthew Wallach, Stephen West & Walker Layne
DATE: 10/23/2023
ADDRESS: 40 Pallet Road
MARKET: Candler, NC
ASSET TYPE: Development Site ~ UNITS: 216
LANDLORD: Southeast Partners
BROKERS: Fletcher Dunn, Matthew Wallach, Stephen West & Walker Layne - Walker & Dunlop
LOAN AMOUNT: $49,300,000
LOAN TYPE: Construction
NOTE: Walker & Dunlop has secured $49.3 million in financing for the development of Hominy Creek Apartments, a 216-unit multifamily community located at 40 Pallet Road in Candler, near Asheville.View on map
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Address40 Pallet Road
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