Broad Creek Capital And Hillridge Capital Secure $69.75M Loan From Mesa West Capital For Multifamily Acquisition

The property asset involved in this transaction is LoftOne35, a multifamily community located at 135 West Morehead Street in Charlotte, NC, comprising 298 units. The total loan amount for the acquisition is $69,750,000. The property is situated in a market characterized by its multifamily asset type.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $69,750,000
• Lender: Mesa West Capital
• Landlord: Broad Creek Capital & Hillridge Capital
• Brokers: Chris Campbell, Daniel Allman & Catherine Reinecker - Eastdil Secured
• Loan Type: Acquisition

The key individuals involved in this deal include the landlords Broad Creek Capital and Hillridge Capital, who secured financing for the acquisition and renovation of the property. The brokers representing the transaction are Chris Campbell, Daniel Allman, and Catherine Reinecker from Eastdil Secured.