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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.

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

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