ACRE Provides $22.4M Loan to Hopper Communities for Refinancing of ‘Crossings at NoDa’ in Charlotte, NC.

ACRE Credit recently provided a $22.4 million first mortgage loan to Hopper Communities for the refinancing of Crossings at NoDa, a newly developed BTR multifamily community consisting of 88 townhome units located in the NoDa submarket of Charlotte, North Carolina. The submarket, which features convenient access to major roadways, is one of Charlotte’s fastest-growing areas and boasts a diverse array of retail offerings, including local cafes, breweries, and international cuisine.