NC Garden-Style Project Receives $21M Loan
- Jan 16, 2019
Trez Forman Capital Group has funded a $20.5 million construction loan for St. Marks, a 183-unit planned community in North Carolina’s Triad region. According to Yardi Matrix data, the Diamondback Investment Group-developed project is set to include an approximately 2,500-square-foot retail component. Brett Forman, president & CEO of Trez Forman, arranged the loan on behalf of the borrower.
Located at 1172 St. Marks Church Road in Burlington, N.C., the community will be within a 4-minute drive of a Walmart Supercenter. The garden-style project will rise on a 7-acre site and is set to include a saltwater pool, clubhouse, fitness and cardio studio, lounge area and dog park.
Last year in July, Diamondback secured a $42 million loan from Trez Forman to build a 297-unit community in Huntersville, a suburb of Charlotte, N.C. In December, the lender also provided a $49 million construction loan for a 247-unit multifamily project in Hollywood, Fla.
Image courtesy of Trez Forman Capital Group