facebook
Traded Co logo
Submit

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

Property Image
FINANCED
$45,750,000
Eddie Haber
Drew Anderman
Sheya Lundner

North Carolina

See Similar Deals
MultiFamily
Financed 03/01/2024
the dealplayerscompscontact
Property Image
FINANCED

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

MultiFamily
Financed 03/01/2024
Eddie Haber
Drew Anderman
Sheya Lundner
the dealplayerscompscontact
Contact now

Summary

Asset Type:MultiFamily
Transaction Type:Loan

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:

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

Drew Anderman
CBRE
Drew Anderman
39 deals$5.2B volume(917) 854-4240
BROKER
Eddie Haber
CBRE
Eddie Haber
17 deals$2.9B volume
BROKER
Sheya Lundner
Meridian Capital Group
Sheya Lundner
1 deal$45.8M volume
BROKER
Keystone National Group
Keystone National Group
LENDER

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.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$45,750,000.00

Monthly NOI$305,000.00
Monthly Debt Service$289,171.12
Change in Cash Flow$0.00
Refinance Proceeds$0.00