Wickenden Partners Provides $12M Bridge Loan For High Meadows Apartments In Charlotte, NC

High Meadows Apartments, located at 700-855 Farmhurst Drive in Charlotte, NC, has recently secured a bridge loan from Wickenden Partners. The loan amount of $12,000,000 represents a 78% loan-to-cost ratio for this multifamily property. With a total square footage of 146,672 and 184 units, High Meadows Apartments offers a promising investment opportunity in the Charlotte market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $12,000,000
• Address: 700-855 Farmhurst Drive, Charlotte, NC
• Market: Charlotte, NC
• Square Footage: 146,672
• Units: 184
• Lender: Wickenden Partners
• Landlord: High Meadows Apartments

Wickenden Partners, the lending institution for this bridge loan, has provided the necessary funds to High Meadows Apartments, enabling them to undertake strategic initiatives and capitalize on the growing demand for multifamily properties in Charlotte. The partnership between Wickenden Partners and High Meadows Apartments is expected to strengthen the position of the property in the market and enhance its long-term value.