In 2022, ACRE provided $29,500,000 of bridge financing on this Class A, newly-developed property in the affluent Weaverville submarket of Asheville, NC. The loan was fully funded at close and used to acquire the Property from the original developer. Asheville is a regional hub for healthcare, the largest industry in the Asheville MSA, responsible for over 20% of employment. Mission Health leads the way as the largest employer in Western North Carolina (15 minutes from the Property). The Property features a variety of high end amenities, including a resort-style pool area located outside of the fully amenitized clubhouse with 24/7 gym and lounge.
$29,500,000
Amenities list
- Stainless-steel appliances
- Walk-in showers
- Private porches with storage
- In-unit washer & dryer
- Ceiling fans.
Features list
- 24-hour fitness center
- Resort-style pool with tanning shelf
- Clubhouse
- Resident social & gaming lounge
- Dog park
- Private garages.
- Weaverville (Asheville), NC
- 176 Units