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Home›Real Estate›Residential›Signature Property Group refinances Elevate Rocky Rive…

Signature Property Group refinances Elevate Rocky River with $64M loan

Regions Bank arranged the $64 million Freddie Mac Freddie Mac Loan, which replaces the project’s prior construction debt with permanent financing after stabilization.

Reported · Written up by our desk · Residential

Signature Property Group refinanced Elevate Rocky River, a 360-unit rental community near Charlotte, according to ConnectCRE.

Regions Bank arranged the $64 million Freddie Mac loan, which replaces the prior construction loan after the property stabilized, moving the project to permanent debt.

The financing was secured through Freddie Mac Optigo Conventional Loan program, which supports acquisitions and refinancings of market-rate and affordable multifamily properties.

The community in Monroe, North Carolina, offers one- and two-bedroom floor plans and is pet-friendly, with modern amenities and finishes.

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Sources

ConnectCRECharlotte-Area Apartment Owner Inks $64M Refi

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