Bellwether Enterprise Secures $70.9M Refinance Loan For Multifamily Properties In Charlotte & Marietta

Featuring a multifamily asset, the transaction involves two properties located at 6026 Station Crossing Avenue in Charlotte, NC, and 1136 West Commons Lane in Marietta, GA. The loan amount for this refinancing deal is $70,900,000 for a total of 584 units between the two locations.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $70,900,000
• Address: 6026 Station Crossing Avenue & 1136 West Commons Lane
• Market: Charlotte, NC & Marietta, GA
• Asset Type: Multifamily
• Units: 584
• Brokers: Alan Tapie, Brad Walker, Hanley Long & Thomas Wiedeman - Bellwether Enterprise (BWE)
• Loan Type: Refinance

BWE's Atlanta office successfully secured two non-recourse loans totaling $70.9 million to refinance two distinct developments. The first loan of $35.9 million was acquired for the 304-unit Accent Southrail in Charlotte, NC, while the second loan of $35 million was obtained for the 280-unit Sedgefield Apartments in Marietta, Georgia.