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Waypoint Residential Secures $30M Loan For Charlotte MultiFamily Property

Property Image
FINANCED
$30,000,000
Taylor Allison
Gregg Shapiro
Travis Anderson
+ 4

North Carolina

See Similar Deals
MultiFamily
Financed 09/06/2023
the dealplayerscompscontact
Property Image
FINANCED

Waypoint Residential Secures $30M Loan For Charlotte MultiFamily Property

MultiFamily
Financed 09/06/2023
Taylor Allison
Gregg Shapiro
Travis Anderson
+ 4
the dealplayerscompscontact
Contact now

Summary

Asset Type:MultiFamily
Transaction Type:Loan

Waypoint Residential has secured $30 million in construction financing for its 240-unit Mountain Island multifamily community in Charlotte, N.C. The property is located at Garron Point Dr & Larne Town Ct and is classified as a MultiFamily asset. The loan was provided by United Bank.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $30,000,000
  • Units: 240

The landlord of the Mountain Island multifamily community is Scott Lawlor, representing Waypoint Residential. The brokers involved in the deal are Dan Kearns, Gregg Shapiro, Jovi Rodriguez, Sam Tarter, Taylor Allison, and Travis Anderson, all from JLL.

Players

Taylor Allison
JLL
Taylor Allison
7 deals$324.2M volume
BROKER
Gregg Shapiro
JLL
Gregg Shapiro
8 deals$424.1M volume(404) 924-2208
BROKER
Travis Anderson
JLL
Travis Anderson
8 deals$516.7M volume(704) 526-2806
BROKER
Dan Kearns
JLL
Dan Kearns
6 deals$186.2M volume(312) 528-3688
BROKER
Jovi Rodriguez
JLL
Jovi Rodriguez
17 deals$843.4M volume(610) 849-3896
BROKER
ST
JLL
Sam Tarter
3 deals$119.9M volume
BROKER
United Bank
United Bank
LENDER
Scott Lawlor
Scott Lawlor
8 deals$310.2M volume
LANDLORD

Details

FINANCED
IMAGE: Scott Lawlor, Dan Kearns, Gregg Shapiro, Jovi Rodriguez, Sam Tarter, Taylor Allison & Travis Anderson DATE: 09/06/2023 ADDRESS: Garron Point Dr & Larne Town Ct MARKET: Charlotte, NC ASSET TYPE: MultiFamily ~ UNITS: 240 LENDER: United Bank LANDLORD: Scott Lawlor - Waypoint Residential BROKERS: Dan Kearns, Gregg Shapiro, Jovi Rodriguez, Sam Tarter, Taylor Allison & Travis Anderson - JLL LOAN AMOUNT: $30,000,000 NOTE: Waypoint Residential has secured $30 million in construction financing for its 240-unit Mountain Island multifamily community in Charlotte, N.C.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$30,000,000.00

Monthly NOI$200,000.00
Monthly Debt Service$189,620.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00