Updated Nov 6, 2025
Benefit Street Partners Secures $93M Construction Loan For Multifamily Development In Charlotte, NC
Charlotte, North Carolina
$93,000,000
$5,470,588/SF
Building Size
17 SF
Asset Type
MultiFamily
Closing
Jun 21, 2022
About this deal
AI
Benefit Street Partners has recently closed on a construction loan for a multifamily property located in Charlotte, NC. The property spans a total square footage of 17,384, making it a substantial asset in the market.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $93,000,000
- Market: Charlotte, NC
JLL represented both the buyer and seller in this transaction. Travis Anderson, Cory Fowler, Warren Johnson, and Ryan Pride from JLL played key roles in facilitating the deal.
The multifamily loan at Charlotte, North Carolina in Charlotte, North Carolina financed for $93M in 2022. The building is 17 square feet, implying about 5.5M per square foot on the published price. This page is the Charlotte, North Carolina file for the Charlotte, North Carolina multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Charlotte sit in the Market section below. Filter that Charlotte multifamily set by closing date to see what else financed near Charlotte, North Carolina around 2022. Published consideration for Charlotte, North Carolina is $93M, dated 2022. Cite this Benefit Street Partners Secures $93M Construction Loan For Multifamily Development In Charlotte, NC loan when underwriting similar multifamily product around Charlotte, North Carolina.
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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93