Panorama Holdings Secures $16 Million Construction Loan From Genesis Capital For Charlotte Multifamily Development

The property asset involved is a multifamily development located at 1722 South Tryon Street, Charlotte, NC. The project spans 30,457 square feet and features 84 apartment units. The transaction is supported by a construction loan amounting to $16,000,000 arranged for Project J.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $16,000,000
• Asset Address: 1722 South Tryon Street
• Market: Charlotte, NC
• Lender: Genesis Capital
• Landlord: Panorama Holdings
• Brokers: Nick Thornton, Taylor Allison, Abby Reed & Alexis Kaiser - JLL
• Loan Type: Construction

The deal was facilitated by JLL Capital Markets, which was responsible for arranging the construction loan from Genesis Capital. The key parties involved include the landlord Panorama Holdings and the team of brokers from JLL who executed the transaction.