A comprehensive analysis of recent commercial lending activities in Charlotte, NC, reveals a thriving landscape marked by the closure of 1,128 loans within the past 90 days. These transactions exhibit a broad spectrum, ranging from $100,000.00 to an impressive $424,862,000.00, with a focus on diverse property types including Retail (13 deals), Residential Condo (30 deals), Mixed Use (6 deals), Parking, Misc, and Single Family Residence (3 deals each), Apartments (9 deals), General Commercial (1 deal), Hotel, Industrial, Medical Services, Office, and Utilities (2 deals each).
The pulse of Charlotte’s commercial real estate market is driven by an array of lenders, with prominent names such as First Citizens Bank, Kiavi Funding, Bank of America, Anchor Loans, The Goldman Sachs Group Inc, Lima One Capital, American Heritage Lending, and Genesis Capital LLC taking the lead. These institutions, along with others, collectively closed 121 CRE deals with an impressive average loan amount of $29 million.
Local Charlotte lenders and debt funds, alongside national and community banks, have been pivotal in this robust lending environment, offering a range of financing options, including Construction, Permanent, Fix&Flip, and Rental loans. The best rates, starting at 6.75% for Permanent products, underscore the competitive terms available in the market.
This data paints a vivid picture of Charlotte’s dynamic commercial real estate sector, showcasing the collaborative efforts of local and national financial institutions in fueling the city’s economic growth through strategic lending practices.
