Updated Mar 4, 2026
Westwood Realty Associates Facilitates $15.4M Acquisition Loan For Charlotte Multifamily Property
3115 Southwest Blvd, Charlotte, North Carolina 28216, United States
$15,412,000
$102/SF
Building Size
150,000 SF
Asset Type
MultiFamily
Closing
May 26, 2022
About this deal
AI
An acquisition loan has been secured for a multifamily property located at 3115 Southwest Blvd in Charlotte, NC. The property spans approximately 150,000 square feet and consists of 137 units. The loan was facilitated by brokers Steven Vegh and Phil Goldstein of Westwood Realty Associates.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $15,412,000
- Loan Type: Acquisition
- Loan Terms: 3-years, Full Term IO, 85% LT
The acquisition loan amount totals $15,412,000 and the terms include a 3-year duration with full term interest-only payments and an 85% loan-to-value ratio.
On the Map
$15,412,000
$102/SF
MultiFamily
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Players
Charlotte MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.03%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93