SYNCO Properties and Schlosser Development have successfully secured an $80.8 million refinancing for The Colony Southpark, a newly constructed multifamily community in Charlotte. The joint venture team was represented by Nate Sittema, Kristen Reilley, and Ben Hardee from CBRE Capital Markets’ Debt and Structured Finance division in Charlotte. The loan has a fixed rate for five years and was obtained through a life company.
The Colony Southpark is located at 4220 Colony Plaza Dr., situated in the desirable Southpark neighborhood of Charlotte. This five-story apartment complex was completed in 2021 and offers residents luxurious amenities such as movie lounges, a golf simulator, and a yoga studio. It is the first phase of the larger mixed-use development project known as The Colony.
In addition to luxury apartments like those found at The Colony Southpark, future plans for this master-planned community include a grocery store, office space, hotel accommodations,and various dining options along with other retail offerings.
