Benefit Street Partners Provides $66 Million Loan For Kinship At Camp North End In Charlotte NC

The property involved in this transaction is a multi-family asset located at 110 & 115 Razades Way in Charlotte, NC. The site consists of 301 units and is part of a historic redevelopment project situated on the former Ford assembly plant, spanning 76 acres. The property features mixed-use amenities and was delivered last year, currently with a leasing rate of 35%. Benefit Street Partners provided a mortgage loan amounting to $66 million for this property.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $66,000,000
• Address: 110 & 115 Razades Way
• Market: Charlotte, NC
• Units: 301
• Lender: Benefit Street Partners
• Landlord: ATCO Properties & Management, Tishman Capital Partners, Altes Capital & Blueprint Local LLC
• Broker: WelcomeLend

The deal involves key participants including the landlord representatives from ATCO Properties & Management, Tishman Capital Partners, Altes Capital, and Blueprint Local LLC. WelcomeLend acted as the broker for this transaction, facilitating the connections between all parties involved.