Updated Sep 4, 2026
Josh Hoffman Of Dwight Investment Management Provides $115M Bridge Loan For Phillips Collective In Charlotte
1755 Lombardy Circle
$115,000,000
$17,692/SF
Building Size
6,500 SF
Asset Type
Mixed-use
Closing
Sep 3, 2026
About this deal
AI
The mixed-use property located at 1755 Lombardy Circle in Charlotte, NC, features a total square footage of 6,500 and comprises 295 residential units. The asset opened in January and includes retail space as well as luxury amenities, reflecting its modern design and functionality.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $115,000,000
- Lender: Josh Hoffman - Dwight Investment Management
- Landlord: Brian Phillips - Phillips Collective
- Loan Type: Bridge
Josh Hoffman of Dwight Investment Management originated the loan for the Phillips Collective's mixed-use project. The refinance replaces construction debt, funds an interest reserve, and provides cash-out proceeds for the property at Lombardy Circle.
Players
Charlotte Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93