Chase Bank Provides $84M Construction Loan For Mixed-Use Property On North Tryon Street In Charlotte, NC

The property involved in this closed transaction is a mixed-use asset located at 426 North Tryon Street in Charlotte, NC. It comprises 353 units and spans a total of 330,000 square feet. The transaction took place on January 19, 2023, and the property was financed through a construction loan provided by Chase Bank. The loan amount for this transaction was $84,000,000.

Summary of transaction details:

• Property Type: Mixed-Use
• Transaction Amount: $84,000,000
• Address: 426 North Tryon Street, Charlotte, NC
• Units: 353
• Square Footage: 330,000
• Lender: Chase Bank

The property is owned by Urban Atlantic & Horizon Development Properties. Please note that no additional information about the individuals or companies involved in the transaction is available.