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 serves as a prominent regional hub for healthcare, with the largest employer in Western North Carolina, Mission Health, located just 15 minutes away from the Property. This underscores the Property’s strategic location within a thriving employment sector. Residents at the Property can indulge in a variety of upscale amenities, including a resort-style pool area adjacent to a fully equipped clubhouse featuring a 24/7 gym and lounge. The combination of a sophisticated design and convenient access to essential amenities makes this property an attractive destination for those seeking a luxurious living experience in Asheville’s sought-after locale.
$29.5M
- Weaverville (Asheville), NC
- 176 Units