Wells Fargo Provides $45M Construction Loan For Charlotte Condo Development | 130 Cherokee Road | Wells Fargo | John Gavigan, Reid Carleton, Christopher (Chris) Drew, Brian Gaswirth | Loan

Summary

Loan

NORTH CAROLINA

7,405 sqft

The Lutgert Companies has secured a $45,000,000 construction loan for a condo project located at 130 Cherokee Rd in Charlotte, North Carolina. The project consists of 32 units and is being financed by Wells Fargo.

Summary of transaction details

Property Type: Condo
Transaction Amount: $45,000,000
Units: 32
Market: Charlotte, North Carolina

The loan for this condominium project was arranged by Chris Drew, Brian Gaswirth, John Gavigan, and Reid Carleton of JLL Capital Markets, who represented The Lutgert Companies. Wells Fargo acted as the lender in this transaction.

Players

All
6

Agents
4
Agencies
1
Lenders
1

$8.9M Sold

Christopher (Chris) Drew

Senior Managing Director, Miami Office Co-Head

$231.9M Sold

Brian Gaswirth

Director

Details

Deal Summary

FINANCED

IMAGE: Chris Drew, Brian Gaswirth, John Gavigan & Reid Carleton DATE: 10/18/2021 ADDRESS: 130 Cherokee Rd MARKET: Charlotte, North Carolina ASSET TYPE: Condo ~ UNITS: 32 LENDER: Wells Fargo LANDLORD: The Lutgert Companies BROKERS: Chris Drew, Brian Gaswirth, John Gavigan & Reid Carleton - JLL Capital Markets LOAN AMOUNT: $45,000,000 LOAN TYPE: Construction

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Address130 Cherokee Road

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