FINANCED
Baseline Partners Provides $10.08M Acquisition Loan For Charlotte Multifamily Portfolio
2336-2479 Julia Avenue, 2415-2457 Carmine Street & 2200-2244 Alma Court
MultiFamily
Financed 1 year ago
Summary
Loan
NORTH CAROLINA
MultiFamily
The multifamily property located at 2336-2479 Julia Ave., 2415-2457 Carmine St., and 2200-2244 Alma Court in Charlotte, NC, was involved in a recent transaction. The property consists of a portfolio of three buildings and offers a total of 104 apartment units. The transaction took place on 06/10/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,080,000
- Units: 104
The loan for the acquisition was provided by Baseline Partners. The loan amount of $10,080,000 represents 71% of the property's loan-to-value ratio (LTV). The loan terms included a 2-year fixed rate with full-term interest-only payments.
All States Equity Group served as the landlord in the transaction. Zach Lutwak-Fitzgerald from Black Bear Capital Partners represented the buyer as a broker.
Players
Details
FINANCED
IMAGE: Zach Lutwak-Fitzgerald
DATE: 06/10/2022
ADDRESS: 2336-2479 Julia Ave., 2415-2457 Carmine St. & 2200-2244 Alma Court
MARKET: Charlotte, NC
ASSET TYPE: Multifamily ~ UNITS: 104
LENDER: Baseline Partners
LANDLORD: All States Equity Group
BROKER: Zach Lutwak-Fitzgerald - Black Bear Capital Partners (@BlackBearCapitalPartners)
LOAN AMOUNT: $10,080,000
LOAN TYPE: Acquisition
LOAN TERMS: The acquisition of the three (3) property multifamily portfolio, consisting of 104 units, was financed with a 2-year fixed rate loan at 71% LTV and features full-term interest-only payments.View on map
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Address2336-2479 Julia Avenue, 2415-2457 Carmine Street & 2200-2244 Alma Court
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