A rendering of the outdoor area at night.

Patterson Sources Debt and Equity Financing for Savona Mill Multifamily Development in Charlotte, NC

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Patterson Real Estate Advisory Group was pleased to facilitate Portman Residential’s recent close on equity and debt construction financing for the development of Savona Mill Multifamily Phase I, a 321-unit, Class A multifamily project in Charlotte, NC. The property will be a part of Portman’s Savona Mill master-planned mixed-use community, which will also include 183,072 SF of creative office and 16,000 SF of retail space in the historic adaptive re-use mill building, and Portman Residential’s 331-unit phase II multifamily development. Patterson arranged equity financing with J.P. Morgan Asset Management and debt financing with Truist.

CHARLOTTE BUSINESS JOURNAL ARTICLE

CHARLOTTE OBSERVER ARTICLE

 

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