$45 million construction financing arranged for Charlotte condo development

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the regent charlotte

JLL Capital Markets says it has arranged $45 million in construction financing for The Regent at Eastover, a 32-unit condominium development in Charlotte’s Eastover neighborhood.

JLL worked on behalf of the borrower, The Lutgert Companies, to secure the construction loan through Wells Fargo, Yield Pro has reported. The project has experienced strong pre-sale velocity and it is projected to be completed in the first half of 2023

Once the six story project is completed, the structure will contain 32 units described as “ultra-luxury”, from 2,600 to 4,500 sq. ft.

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