Updated Aug 25, 2026
Truist Bank Provides $166.425 Million Loan For Senior Housing Expansion In Charlotte
5100 Sharon Road
$166,425,000
Building Size
—
Asset Type
Senior Housing
Closing
Aug 24, 2026
About this deal
AI
The asset involved in the transaction is a senior housing development located at 5100 Sharon Road in Charlotte, NC. The project includes an expansion and modernization of The Sharon at SouthPark, featuring 64 new independent-living apartments, mixed-use space, and a wellness center encompassing 52,000 square feet. The loan amount for this financing is $166,425,000.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $166,425,000
- Lender: William H. Rogers Jr. - Truist Bank
- Landlord: The Presbyterian Home at Charlotte, Inc.
- Broker: Tad Melton - Ziegler
The financing was arranged through the issuance of Series 2026 bonds, with Ziegler facilitating the closing of $166.425 million. Truist Bank purchased $94.47 million of these bonds to support the project.
On the Map
$166,425,000
Senior Housing
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Sharon Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93