Bellevue Mill

Property Name: Bellevue Mill
Location: Hillsborough, North Carolina
Property Type:
Transaction Type: Construction Loan | Bridge Loan | Permanent Loan Forward Commitment
Loan Amount: Undisclosed
Details: 144-unit Market Rate Apartment Community

The proposed 114-unit market rate apartment community will make use of an existing textile mill built in the early 1900's that also qualifies for Historic Tax Credits. Financing included a construction loan of $12,920,000, a bridge loan of $3,153,700 and a fixed rate permanent loan forward commitment of $12,920,000.

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