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Charlotte Apartment Developer Inks $68.5M Loan
Broadshore Capital Partners closed a $68.5 million senior bridge loan secured by J Optimist Park, a newly delivered 350-unit Class A multifamily community located at 1130 North College Street in Charlotte. Broadshore completed the transaction in partnership with borrower entity Jefferson Apartment Group.
CBRE’s Nate Sittema and Kristen Reilley served as brokers on the transaction. The financing will facilitate continued lease-up and stabilization.
Community amenities span more than 30,000 square feet and include a pool, fitness center, coworking lounges, conference rooms, a yoga lawn, pet spa, bike storage, EV charging, package lockers, and an on-site grab-and-go market.
Broadshore is now the institutional investment and lending arm of Milhaus SRG. The company has had three closings in three markets within two months.
- ◦Financing
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