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13230 Ballantyne Corporate ...

Canyon Partners Real Estate Provides $15.6M Preferred Equity For Towerview At Ballantyne
FINANCEDMultiFamily

Canyon Partners Real Estate Provides $15.6M Preferred Equity For Towerview At Ballantyne

13230 Ballantyne Corporate Place

$15,600,000

Building Size

Asset Type

MultiFamily

Closing

Feb 14, 2024

AI

13230 Ballantyne Corporate Place is the location of Towerview at Ballantyne, a newly built high-rise residential community in Charlotte, North Carolina's upscale Ballantyne submarket. Canyon Partners Real Estate LLC provided a $15.6 million preferred equity investment for this multifamily asset.

Summary of transaction details:

Josh Friedman from Canyon Partners Real Estate led the financing with a $15.6 million preferred equity investment. Jovi Rodriguez, Travis Anderson, and Warren Johnson from JLL represented the transaction as brokers.

Players

Travis Anderson

JLL

Broker

$516.7M

vol

8 deals

Broker
Canyon Partners
Canyon Partners Lender

Charlotte MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.02%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93