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Atlanta & Southeast  + Southeast  + Apartments  |  August 11, 2021
David Cohen
By: David Cohen

Northwood Ravin Secures Refinancing for 823-Unit Charlotte MF Property

CBRE Capital Markets’ Charlotte Debt & Structured Finance team has arranged the refinancing of The Village at Commonwealth, an 823-unit multifamily complex in Charlotte. The borrower was Northwood Ravin, a development, construction and property management firm. 

Located at 1308 Lorna Street, the Village at Commonwealth is situated within the prime Plaza Midwood neighborhood known for its historic architecture, small businesses and social scene. The property features a neighborhood design and consists of studio, one, two, and three-bedroom units and townhomes.

Nate Sittema, Kristen Reilley, Grant Harris and Elliott Voreis of CBRE represented Northwood Ravin in the refinancing. KKR provided the five-year permanent loan for the property.

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Inside The Story

CBRE’s Sittema

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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