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Atlanta & Southeast  + Carolinas  + Apartments  |  January 20, 2026
Peachtree/Orchard Hendersonville
Mike Boyd
By: Mike Boyd

Hendersonville Developer Inks Financing for 166-Unit Rental Community

Orchard Properties obtained a $30 million construction to start work on a 166-unit apartment complex in Hendersonville, North Carolina. Peachtree Group provided the loan, a three-year bridge term with a one-year extension.

Orchard received its rezoning two years ago. The company is allowed to build one-, two- and three-bedroom rental units in seven three- and four-story buildings on 10.4 acres a mile west of the AdventHealth campus.

Plans include a clubhouse and pool. Rents are expected to be $1,400 for a one-bedroom unit, $1,600 for a two-bedroom and $1,900 for a three-bedroom.

On its website, Peachtree claims $2.4 billion in acquisitions over 104 deals. It’s developed over $2 billion in developments through 49 transactions.

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Peachtree Group

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
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  • ◦Financing
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