AAC land
  • Edgewood recently funded a $15,700,000 bridge loan secured by two mixed-use land development sites in Raleigh and Cary, North Carolina, totaling 92 acres.

  • The loan provided funds to refinance existing debt and fund land development costs to deliver finished pads for contracted hotel and build-to-suit retail users as well as for future retail, multifamily and office developments.

  •  Edgewood’s loan affords the sponsor the flexibility to sell or develop parcels as markets dictate, allowing for projected gross sellout valuation to exceed $30 million.