Ariel Property Advisors Secures $10 Million Equity Loan For Multifamily Acquisition In Charlotte

The property involved in the transaction is the multifamily asset located at 1601 Dewberry Terrace in Charlotte, NC. The property consists of 64 units and was acquired by J&S Realty LLC & Sandee Road Ventures. The loan amount secured for this acquisition was $10,000,000 in the form of equity financing with a 90% LP equity investment.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $10,000,000
• Buyer: J&S Realty LLC & Sandee Road Ventures - Scott Regan, Jeremy Knap, Trevor Melito & Harry Blondell
• Brokers: Matt Swerdlow & Matt Dzbanek - Ariel Property Advisors
• Loan Type: Equity
• Loan Terms: 90% LP Equity

Ariel Property Advisors facilitated the equity financing for the acquisition of Cambridge Park Townhomes. This partnership marks the second venture between J&S Realty LLC/Sandee Road Ventures and their strategic JV partner. The mission of the buyers is to develop, preserve, and uphold high-quality affordable housing in North & South Carolina. J&S Realty LLC & Sandee Road Ventures are actively exploring additional acquisitions of 100+ unit properties in the same region.