Southeast Regional Office
Charlotte, North Carolina
This is NYL’s 8th loan with Lantower Residential (a subsidiary of H&R REIT out of Canada), and we are pleased to continue to expand that relationship. The loan is secured by a high quality, Class A residential property in a high-end mixed-use project called Solis Waverly, which is located on the south side of Charlotte.”
—Randall M. Hall, Senior Director
- The property was pre-stabilized and the purchase contract was signed 6 months prior to the sale closing, demonstrating NYL’s flexibility and creativity to accommodate the borrower’s needs with regard to acquisition financing
- Solis Waverly is located in Waverly, a 90-acre, pedestrian-friendly, mixed-use project containing 250,000 sf of retail, anchored by a Whole Foods store, 4 office buildings, a Hilton Garden Inn hotel, single family homes, and another apartment property, surrounded by some of Charlotte’s most affluent neighborhoods
Source: REI Southeast Regional Office, April 2019.