Charlotte, NC

$30,000,000 First Mortgage

In August 2025, a $30.0 million first mortgage was provided to finance the purchase of a note secured by a stabilized multifamily property located at 3020 Gloryland Avenue in Charlotte, North Carolina. The asset was built in 2022 and comprises 222 units across approximately 209,000 square feet, operating at 97% occupancy at closing. The investment thesis centered on acquiring a non-performing loan at a discount, secured by a high-quality, recently delivered apartment community with strong in-place cash flow.

The property is located in Charlotte, a high-growth Sun Belt market benefiting from continued population and employment growth.