Phillips of Largo Capital arranges $13.6 million refinance loan

Charlotte, NC Jack Phillips of Largo Capital successfully arranged a $13.6 million loan to refinance existing debt used in the development of the initial phase of a manufactured housing community, as well as to fund site work and construction for the remaining fifty-five manufactured housing units. Upon completion, the community will feature a total of seventy-six homes available for rent (pads and homes) offering an alternative to traditional apartment living.

The rental community is strategically located approximately 1.5 miles from I-77 and 2.5 miles from I-485, providing access throughout the Charlotte metro area and proximity to major amenities, including Northlake Mall and UNC Charlotte.

This transaction underscores Largo Capital’s commitment to delivering creative, relationship-driven real estate financing solutions tailored to meet the needs of its clients