Childress Klein And Ascentris Secure $50 Million Loan For Waverly Shopping Center In Charlotte

The asset involved in this transaction is a retail property located at 7404 Waverly Walk Avenue, Charlotte, NC. The property encompasses a total area of 218,657 square feet and is situated on 90 acres. As part of the transaction, Childress Klein and Ascentris obtained a loan amounting to $50,000,000 from Bank of America, which replaces a prior loan of $42 million from Regions Bank, originally secured in 2018.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $50,000,000
• Address: 7404 Waverly Walk Avenue
• Market: Charlotte, NC
• Asset Size: 218,657 square feet
• Land Size: 90 acres
• Lender: Bank of America
• Landlord: Ascentris & Don Childress - Childress Klein

In this transaction, the financial interests of the landlords are represented by Don Childress of Childress Klein and Ascentris, ensuring proper management and oversight of the retail property in Charlotte, NC.