Charlotte Multifamily Developer Inks $43.6M Construction Loan

Vista Residential Partners obtained a $43.6 million construction loan to build a 320-unit apartment complex in Charlotte at 8011 Krenfeld Dr. A JLL Capital Market’s Debt Advisory team led by Matthew Schoenfeldt, secured the three-year, non-recourse floating-rate construction loan through Hartford Investment Management Company.

Spanning 14.8 acres, McAlpine Vista will feature split-style buildings offering a mix of one-, two- and three-bedroom units. Its projected completion date is September 2026. The development will showcase community amenities that will include a 7,750-square-foot clubhouse housing a fitness center, co-working spaces and a club room with fireplaces and games, complemented by a resort-style pool.

Future residents will be near major employers such as Bank of America, Wells Fargo, Coca Cola and Harris Teeter’s corporate headquarters, as well as direct trail access to the McAlpine Creek Parkland Greenway Trail.