Updated Nov 17, 2025
Broad Creek Capital And Hillridge Capital Secure $69.75M Loan From Mesa West Capital For Multifamily Acquisition
135 West Morehead Street
$69,750,000
Units
298
Asset Type
MultiFamily
Closing
Nov 4, 2025
About this deal
AI
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.
On the Map
$69,750,000
MultiFamily
View full map
Players
Charlotte MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Eastdil Secured Savills to view all their deals.
Browse Charlotte multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93