Multifamily development in Charlotte gets $42M construction loan

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Trez Forman has secured a $42-million construction loan for a 297-unit multifamily development in the Charlotte suburb, according to GlobeSt.

Caldwell Station NC will use the money to develop a Class A-20-building project that will feature mostly garden-style apartments, mixed with some for-rent townhomes.

The development, located at 17355 Old Statesville Rd., will also include 371 parking spaces and a host of amenities, including a resort-style saltwater pool, clubhouse, fitness/cardio studio, lounge area and dog park.

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