Aria Communities has lined up a combined $52.9 million capital stack for Skyview at Aria, a ground-up multifamily development planned in Monroe, North Carolina, a suburb of Charlotte. The financing package consists of $42.7 million in construction debt and $10.2 million in preferred equity earmarked for the 338-unit community.
The construction loan was secured through United Bank Inc, while Parse Capital provided the preferred equity component. JLL Capital Markets’ Debt Advisory team arranged the financing, with execution led by Taylor Allison, Brad Woolard and Ryan Mueller. The funding supports development of the project at 3613 W Hwy 74, positioning the property within reach of several local retail and lifestyle destinations.
Skyview at Aria is located near Poplin Place Shopping Center, Rolling Hills Country Club, Monroe Crossing Mall and Crooked Creek Park, placing residents close to shopping, recreation and entertainment options in Monroe’s western corridor. The development spans an approximately 22-acre site and will be built across eight three-story residential buildings.
The unit mix at Skyview at Aria will comprise 96 one-bedroom, 212 two-bedroom and 30 three-bedroom apartments, totaling 338 units. Residences are planned to include private balconies or terraces, providing outdoor space for most units. The configuration aims to accommodate a range of household sizes, from singles and couples to larger families, within a single multifamily community.
Planned shared amenities at the property are designed around a resort-style program. Residents will have access to a central courtyard featuring a pool, along with an outdoor kitchen equipped with grills. Interior common areas will include a fitness center and a clubhouse, while outdoor features will extend to a putting green and walking trails that connect different portions of the site.
The financing structure for Skyview at Aria pairs bank construction debt with preferred equity, reflecting a layered capital approach for new multifamily development in the Charlotte suburban market. With loan proceeds and preferred equity in place, Aria Communities moves closer to delivering new rental housing inventory in Monroe, supported by a combination of institutional advisory services and local bank lending.
