Patterson Real Estate Advisory Group Sources Construction Financing For Multifamily Community in Charlottesville Virginia
Madison Capital Group and Inlet Property Company, with the assistance of Patterson Real Estate Advisory Group, have closed construction financing for Madison Charlottesville – a ±4-acre, 86-unit multifamily community strategically located in Charlottesville, VA. Longline Financial provided the senior loan financing for the Project.
This latest venture comes on the heels of MCG’s success with the development of The Hudson, which is also located in Charlottesville and boasts some of the submarket’s strongest metrics. Madison Capital Group’s CEO, Ryan Hanks, commented, “We are excited to continue our activity in Charlottesville with this new residential offering, poised to enhance the local housing landscape.”
Jeremy Herman, Director at Longline, was enthused with the opportunity – “We are thrilled to partner with Madison Capital Group and Inlet Property Company. This new collaboration marks an exciting opportunity to support innovative housing solutions in Charlottesville.” Patterson’s Austin Smith added, “Excellent execution by all involved. The Project will be a welcomed addition to the neighborhood, catering to much-needed market-rate housing.”
