Updated Nov 12, 2026
Rivercrest Realty Investors Secures $48.6 Million Refinance Loan For Archdale Marketplace In Charlotte, NC
5831 South Boulevard
$48,600,000
$270/SF
Building Size
179,949 SF
Asset Type
Retail
Closing
Nov 12, 2026
About this deal
AI
Archdale Marketplace is a retail property located at 5831 South Boulevard in Charlotte, NC. This shopping center spans 179,949 square feet and sits on a 14-acre lot. The property is anchored by Food Lion and Planet Fitness.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $48,600,000
- Lender: Charles W. Scharf - Wells Fargo
- Landlord: Jonathan Gaines - Rivercrest Realty Investors
- Loan Type: Refinance
- Previous Loan Amount: $19,300,000
- Previous Loan Maturity Date: October 2026
- Acquisition Period: 20 years ago
This financing transaction involved Rivercrest Realty Investors securing a refinance loan from Wells Fargo. Charles W. Scharf represents Wells Fargo in this loan, while Jonathan Gaines represents Rivercrest Realty Investors in the transaction.
On the Map
$48,600,000
$270/SF
Retail
View full map
Players
Charlotte Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Deal FAQ
Visit Charles W. Scharf to view all their deals.
Browse Charlotte retail loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93