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Broadshore Capital Partners provides $44m senior construction loan on North Carolina apartment community
Transactions - AUGUST 24, 2020

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Broadshore Capital Partners provides $44m senior construction loan on North Carolina apartment community

by Released

Broadshore Capital Partners has closed a $44.5 million senior construction loan to Panorama Holdings for the construction of the 314-unit Lumeo apartment community in Charlotte, N.C.

Lumeo, at 7100 MacFarlane Blvd., is located adjacent to the University City Light Rail stop offering convenient access to nearby shops, dining and entertainment, as well as a short ride to both UNC Charlotte and Uptown Charlotte.

Lumeo is an urban-style community with residential buildings, club house, and outdoor recreation and gathering spaces spread across its approximately 10.1-acre site. The apartments are designed with modern fixtures and finishes. It offers an array of services, including a full-service pet spa, business center, club house and fitness center with yoga studio; as well as outdoor areas, such as a large saltwater pool and sun deck, courtyards with gas grills and fire pit, and community-wide walking trails.

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