Cerco Lends $30 Million For 222-Unit Multifamily Property At 3000 Gloryland Avenue In Charlotte

The transaction involves a multifamily asset located at 3000 Gloryland Avenue in Charlotte, NC, consisting of 222 units. The loan amount secured for this asset totals $30,000,000 under a note on note financing structure.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $30,000,000
• Lender: Cerco
• Note Buyer: Chris Dornin - Dornin Investment Group
• Brokers: Michael Winter, James Murad, Adam Hakim, Alexander Korolik & Evan Brudnicki - Ripco
• Transaction Date: 8/15/2025

This transaction highlights the involvement of key professionals, including Chris Dornin representing Dornin Investment Group and the brokerage team from Ripco, which includes Michael Winter, James Murad, Adam Hakim, Alexander Korolik, and Evan Brudnicki.