FINANCED
Volta Global Secures $45.75M Construction Loan In Southern Pines, NC
US1, Southern Pines
MultiFamily
Financed 48 days ago
Summary
Loan
NORTH CAROLINA
MultiFamily
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 National to 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.
Players
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5
Agents
3
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Eddie Haber, Drew Anderman & Sheya Lundner
DATE: 03/01/2024
ADDRESS: US1, Southern Pines
MARKET: Southern Pines, NC
ASSET TYPE: Multifamily ~ UNITS: 266
LENDER: Keystone National
LANDLORD: Volta Global
BROKERS: Drew Anderman (@DrewAnderman), Eddie Haber & Sheya Lundner - Meridian Capital Group (@Meridian.Capital.Group)
LOAN AMOUNT: $45,750,000
LOAN TYPE: Construction
NOTE FROM BROKER: Upon completion, the project will contain 240 garden-style apartments and 26 two-story townhomes for a total of 266 units.
Borrower: Volta Global is active across multifamily, self-storage, hospitality, and credit, operating primarily in the Southeast US and Europe. This project is just one of the many projects taking place in the Carolinas currently.View on map
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AddressUS1, Southern Pines
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