A Georgia developer has closed on construction financing to break ground on more student housing in Charlotte. The Sanctuary Cos., based in Kershaw, Georgia, has secured a nearly $4.8 million loan to develop up to 390 multifamily or dormitory units at the intersection of University City Boulevard and North Tryon Street. The developer and borrower, under the name Sanctuary Holdings NC LLC, will use the loan proceeds to pay off existing debt on the property and to help fund the purchase of an additional…
from Charlotte Business News - Local Charlotte News | Charlotte Business Journal https://www.bizjournals.com/charlotte/news/2018/10/03/developer-secures-loan-to-build-more-student.html?ana=RSS&s=article_search
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