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Golden Hour Collective Secures $42.5 Million Construction Loan From Dwight Mortgage Trust In Asheville
FINANCED
$42,500,000
North Carolina
See Similar DealsDevelopment Site
Financed 10/24/2025
FINANCED
Golden Hour Collective Secures $42.5 Million Construction Loan From Dwight Mortgage Trust In Asheville
Development Site
Financed 10/24/2025
Summary
Asset Type:Development Site
Transaction Type:Loan
The asset involved in this transaction is a 17-acre development site located in Asheville, NC. This site is designated for the construction of Old Charlotte Townhomes, a 133-unit build-to-rent community that includes three- and four-bedroom townhomes with garages. Additionally, the project will offer amenities such as a clubhouse and a pool.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $42,500,000
- Lender: Dwight Mortgage Trust
- Landlord: Anne Behrendt - Golden Hour Collective
- Loan Type: Construction
- Market: Asheville, NC
Golden Hour Collective is the entity that secured the $42.5 million construction loan with Dwight Mortgage Trust, indicating the financial backing for this development. The project aims to fulfill the demand for build-to-rent housing options in the Asheville area.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$42,500,000.00
Monthly NOI$283,333.33
Monthly Debt Service$268,628.91
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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