Charlotte Multifamily Developer Secures $43.6M Construction Loan

Charlotte Multifamily Developer Secures $43.6M Construction Loan

Vista Residential Partners has secured a $43.6 million construction loan for the development of McAlpine Vista, a 320-unit apartment complex located at 8011 Krenfeld Dr in Charlotte. The loan was obtained through Hartford Investment Management Company (HIMCO) and was led by Matthew Schoenfeldt from JLL Capital Market’s Debt Advisory team.

The project, which is set to be completed in September 2026, will span over 14.8 acres and feature split-style buildings with one-, two-, and three-bedroom units. The community will also offer amenities such as a fitness center, co-working spaces, club room with fireplaces and games, and a resort-style pool within its 7,750-square-foot clubhouse.

McAlpine Vista’s location provides easy access to major employers including Bank of America,Wells Fargo,Coca Cola,and Harris Teeter’s corporate headquarters.Additionally,residents will have direct trail access to the McAlpine Creek Parkland Greenway Trail,making it an ideal location for outdoor enthusiasts.

This latest development showcases Charlotte’s growing multifamily market,and highlights the city as an attractive destination for both residents and investors alike.

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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