Broadshore Capital Partners has closed a $44.5 million senior construction loan to Panorama Holdings for the construction of the 314-unit Lumeo apartment community in Charlotte.
Lumeo, at 7100 MacFarlane Blvd., is located adjacent to the University City Light Rail stop. It is an urban-style community with residential buildings, club house and outdoor recreation and gathering spaces spread across its approximately 10.1-acre site.
The apartments are designed with modern fixtures and finishes. It offers an array of services, including a full-service pet spa, business center, clubhouse and fitness center with yoga studio; and outdoor areas such as a large saltwater pool and sun deck, courtyards with gas grills and fire pit, and community-wide walking trails.
Construction is underway on Lumeo with occupancy of the first units anticipated to be available in the first quarter 2021 and final completion by the end of 2021.