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

Property Image
FINANCED
$69,750,000
MB
Chris Campbell
DA
+ 1

North Carolina

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MultiFamily
Financed 11/04/2025
the dealplayerscompscontact
Property Image
FINANCED

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

135 West Morehead Street

See Similar Deals
MultiFamily
Financed 11/04/2025
MB
Chris Campbell
DA
+ 1
the dealplayerscompscontact
Contact now

Summary

NORTH CAROLINA
Asset Type:MultiFamily
Transaction Type:Loan

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:

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.

Players

MB
Eastdil Secured
Matthew Brody
1 deal$69.8M volume(202) 688-4000
BROKER
Chris Campbell
Eastdil Secured
Chris Campbell
1 deal$69.8M volume
BROKER
DA
Eastdil Secured
Daniel Allman
1 deal$69.8M volume(404) 487-1087
BROKER
Catherine Reinecker
Eastdil Secured
Catherine Reinecker
1 deal$69.8M volume(770) 714-6060
BROKER
Eastdil Secured
Eastdil Secured
BROKERAGE
Mesa West Capital
Mesa West Capital
LENDER

Details

FINANCED
IMAGE: 11/04/2025 ADDRESS: 135 West Morehead Street MARKET: Charlotte, NC ASSET TYPE: Multifamily ~ UNITS: 298 LENDER: Mesa West Capital LANDLORD: Broad Creek Capital & Hillridge Capital BROKERS: Chris Campbell, Daniel Allman & Catherine Reinecker - Eastdil Secured LOAN AMOUNT: $69,750,000 LOAN TYPE: Acquisition NOTE: Hillridge Capital and Broad Creek Capital secured $69.75M in financing from Mesa West Capital to acquire and renovate LoftOne35, a 298-unit multifamily community in Charlotte’s South End.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$69,750,000.00

Monthly NOI$465,000.00
Monthly Debt Service$440,867.45
Change in Cash Flow$0.00
Refinance Proceeds$0.00