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Atlanta & Southeast  + Carolinas + Charlotte  + Apartments  | 
PCCP, LLC has provided a $57 million loan for the cash neutral refinance of Metro University City

PCCP Refis Charlotte Multifamily Community for $57M 

PCCP, LLC has provided a $57 million loan for the cash neutral refinance of Metro University City. The 309-unit mid-rise multifamily community comprises four buildings at 404 Gallop Lane in Charlotte. 

Meridian Capital Group, with a team led by Seth Grossman, secured the loan.

The asset features top-of-market interior finishes including stainless steel appliances, in-unit washers/dryers, granite countertops, high ceilings, vinyl plank flooring throughout, and private balconies. On-site amenities include an expansive clubhouse with WiFi, a saltwater pool, fitness center with a yoga room, outdoor kitchen and grilling areas, and dog park and spa.

The community, completed in 2021, is 97-percent leased. 

“PCCP is pleased to continue to deploy capital on high-quality, new vintage multifamily in the Charlotte market. Owned by an experienced multifamily investor with over 12,000 currently owned apartment units, the property has had favorable leasing activity,” said Brian Haber, a Managing Director with PCCP.

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About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.

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