New Finished Lot Loan Financing - Westmoreland Village (Charlotte, NC MSA)
Harvest Capital announces a $12.2 million loan commitment for the acquisition and development of 122 single-family build-for-rent lots in Troutman, North Carolina. The north-Charlotte and Lake Norman region continue to thrive, drawing from both the strong Charlotte economy and the ample recreational and sporting opportunities of the area.
Harvest is an industry leader in residential real estate investment & asset management with over $675m in capital exposure managed, $205m+ in new capital investments, $1.2B in gross project revenues, and 11,700+ lots financed and developed over 52 unique real estate projects.
Through our exclusive partnership with leading alternative investment firm Angelo Gordon, we strive to address the lack of A&D financing available in the market today. We are deeply committed to empowering residential land development projects that create a positive impact in their respective community landscapes. By investing in strategic, programmatic lending relationships, we believe we can help our development partners scale their businesses while also contributing to the growth of the local economies in which we operate in and helping address the shortage of attainable housing in these regions.