Akhil Singh Of Aria Communities Secures $53.5M Construction Loan For 338-Unit Multifamily In Monroe NC

The asset involved in this transaction is a multifamily property consisting of 338 units located at 3613 W Highway 74 in Monroe, NC. The total loan amount for this construction financing is $53,500,000 provided by United Bank and Parse Capital.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $53,500,000
• Loan Type: Construction
• Lender: United Bank & Parse Capital
• Landlord: Aria Communities – Akhil Singh
• Brokers: John Flynn, Robert Tonnessen, Taylor Allison & Brad Woolard - JLL

Key individuals involved in this transaction include Akhil Singh, who represents Aria Communities as the landlord. The lending institutions are United Bank and Parse Capital, while the brokerage team comprised of John Flynn, Robert Tonnessen, Taylor Allison, and Brad Woolard from JLL facilitated this loan transaction.