Madison Lands $80M Construction Loan for LoSo Project

Madison Communities secured an $80 million construction loan for its latest project, a 320-unit multifamily community in the Lower South End (LoSo) neighborhood in Charlotte, N.C.

META Real Estate Partners and Bank of America provided the financing. Patterson Real Estate Advisory Group served as the capital advisor and facilitated the sourcing of the loan.

Situated adjacent to Olde Mecklenburg Brewery, Charlotte’s oldest brewery, the new project will include dedicated parking to accommodate brewery patrons. The new community is located at the intersection of S. Tryon Street and E. Peterson Drive. 

Madison Capital Group will relocate its corporate headquarters to the property directly next to Olde Mecklenburg Brewery.

The Scaleybark light-rail station, within walking distance of the community, provides convenient access to South End, Uptown Charlotte, and beyond.

The adaptive reuse of historic warehouses into retail spaces has revitalized the neighborhood, transforming it into a live-work-play destination.

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