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Charlotte, N.C. — Trez Forman Capital Group has provided $4.75 million in financing for a 390-unit, mixed-use community planned for development near the University of North Carolina at Charlotte campus.
The borrower and developer of the property, Sanctuary Holdings NC, will use the loan proceeds to pay off existing debt on the property and to help fund the purchase of an additional 1.5 acres from Charlotte’s transportation department. The site — located at 7600 University City Blvd. — has already been approved for 390 residential units.