Updated Nov 10, 2026
Broadshore Capital Partners Provides $68.5 Million Bridge Loan For Jefferson Apartment Group's Multifamily Project
1130 North College Street
$68,500,000
Units
350
Asset Type
MultiFamily
Closing
Nov 10, 2026
About this deal
AI
The asset involved is a newly delivered 350-unit Class A apartment community located at 1130 North College Street in Charlotte, NC. The transaction includes a senior bridge loan amounting to $68.5 million for the property, which is categorized as a multifamily asset.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $68,500,000
- Lender: Bradford W. Howe - Broadshore Capital Partners
- Landlord: Jim Butz - Jefferson Apartment Group
- Brokers: Nate Sittema & Kristen Reilley - CBRE
- Loan Type: Bridge
The financing for this transaction has been arranged by CBRE’s Nate Sittema and Kristen Reilley, who play a crucial role in facilitating the loan that will support the lease-up and stabilization of the apartment community developed by Jefferson Apartment Group.
On the Map
$68,500,000
MultiFamily
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Players
North 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
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93