Volta Global Secures $45.75M Construction Loan In Southern Pines, NC

The multifamily property located on US1 in Southern Pines, North Carolina, consists of 240 garden-style apartments and 26 two-story townhomes, totaling 266 units. The loan for this project was provided by Keystone Nationalto Volta Global, the landlord involved in the transaction.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $45,750,000
• Asset Type: Multifamily
• Units: 266
• Lender: Keystone National
• Landlord: Volta Global
• Brokers: Drew Anderman, Eddie Haber, Sheya Lundner - Meridian Capital Group

Volta Global, the borrower in this deal, is active in multifamily, self-storage, hospitality, and credit sectors, with operations mainly in the Southeast US and Europe. The project in Southern Pines, North Carolina, is just one of many ongoing ventures for Volta Global in the Carolinas.