Experienced investors still feel really good about investing in Charlotte real estate. This is especially good for multifamily dwellings, even large apartment complexes. Both the suburbs and the central business district apartments are fetching high numbers in recent trades. For example, a multifamily development in South Charlotte is under new ownership. Crescent Communities just sold Novel Providence Farm for $98 million to a real estate firm out of Chicago!
The Spectrum Cos. and Invesco Real Estate have a huge South End development planned for a 5-acre block.project with an investment management company out of Atlanta. Investors at these two companies believe the market is absolutely good enough to invest in two nine-story buildings that will feature 440,000 square feet of office space and 40,000 square feet of street-level retail space. Plus they’re planning a hot new boutique hotel and an urban plaza.
If you can get in on this Charlotte investment property trend, it’s very likely to pay off big for you. If you need hard money to make that happen, contact us today.
Are You Looking for a Hard Money Loan to Flip a House Or Buy A Rental Property?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, or the North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten days.
Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value of the collateral—and if you use the loan for renovation or construction, the loan amount can be based on the collateral’s improved value.