A picture of an outside area with bushes and trees.

Patterson Facilitates Acquisition Financing For Vintage Apartment Community In Downtown Decatur

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Broad Street Investments, with the assistance of their capital advisor Patterson Real Estate Advisory Group, closed on the acquisition financing for 305 East Ponce, a 20-unit vintage apartment community in Decatur’s vibrant downtown corridor. Patterson arranged the bridge loan with First Carolina Bank, totaling $3.7 million to fund the acquisition and a capital improvement program geared towards kitchen renovations and deferred maintenance.

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