Updated Oct 15, 2026
S3Capital Provides $80M Loan For Multifamily Property In Charlotte, NC
1701 East Blvd, Charlotte, NC, USA
$80,000,000
$21,680/SF
Building Size
3,690 SF
Asset Type
MultiFamily
Closing
Jul 26, 2021
About this deal
AI
The multifamily property located at 1701 East Blvd. in Charlotte, NC was involved in a recent transaction. The loan for this property was provided by @S3Capital, with Robert Schwartz and Joshua Crane representing the lender. The loan amount was $80,000,000. Brian Phillips is the landlord of the property, and the deal was facilitated by Joey Hagner of GCG Advisory Partners.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $80,000,000
- Lender: @S3Capital - Robert Schwartz & Joshua Crane
- Landlord: Brian Phillips
- Broker: Joey Hagner - GCG Advisory Partners
Joey Hagner of GCG Advisory Partners played a key role as the broker in this transaction. Aside from him, other individuals involved include Joey Hagner, Robert Schwartz, and Brian Phillips. Robert Schwartz and Joshua Crane represented the lender, @S3Capital. The transaction took place on July 27, 2021.
On the Map
$80,000,000
$21,680/SF
MultiFamily
View full map
Players
Charlotte MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Brian Phillips to view all their deals.
Browse North Carolina multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93