Madison Communities Secures $80M Construction Loan For The Garten Development Site

Develop The Garten, a 320-unit market-rate multifamily property in Charlotte’s Lower South End neighborhood, has secured an $80 million construction loan from META Real Estate Partners and Bank of America. The property is located at 4221 South Tryon Street, Charlotte, NC.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $80,000,000
• Lender: Meta Real Estate Partners & Bank of America
• Landlord: Ryan Hanks - Madison Communities

Madison Communities, a Charlotte-based firm, led by Ryan Hanks, has successfully obtained the construction loan for The Garten from META Real Estate Partners and Bank of America. This transaction marks a significant step in the development of the 320-unit property.