Lance Patterson, founder and CEO of Patterson Real Estate Advisory Group, was recently quoted in a Nashville Business Journal article regarding construction lending in Nashville.
Dexter Companies, LLC closed on construction financing for an industrial project located off of GA-400 in Alpharetta, Georgia. The development, known as Shiloh Technology Center, is comprised of three buildings totaling 405,000 square feet. Patterson served as capital advisor for the deal, coordinating equity and debt through SilverCap Partners and United Community Bank.
Madison Capital Group recently announced the groundbreaking and construction financing of 577 Meeting Street, a 118-unit multifamily community located in the heart of downtown Charleston. Patterson arranged debt financing through CIBC Bank USA.
North Signal Capital and Westport Capital recently broke ground on the development of Dean Forest Commerce, a 450,000-square-foot industrial park in Savannah, Georgia. Patterson arranged construction financing.
The Mathews Group recently closed on the refinancing of 615 Third, an eight-story, 118,900 square foot, Class A office building located in the SoBro District in downtown Nashville. Patterson arranged financing with Principal Real Estate Investors.
Patterson Real Estate Advisory Group arranged a bridge loan for Hotel Bella Grace, a 50-key, boutique hotel located on Charleston’s historic Peninsula. Three P is the owner and the developer of the project that delivered in 2017. Patterson arranged financing with Ameris Bank.
Crescent Communities recently acquired 101 North Tryon building in Uptown Charlotte. The 20-story, Class A office tower is located at the corner of Trade and Tryon streets in the heart of the city’s central business district. BBVA and US Bank provided acquisition financing with Patterson serving as capital advisor.
Patterson Real Estate Advisory Group is pleased to welcome Laura Griffin Cloud who will serve as the new Director of its Nashville office. The attached press release contains further details.
Patterson Real Estate Advisory Group assisted Loudermilk Companies in closing permanent financing for 881 Midtown, a 51,554 SF jewel-box office and retail asset located at the northeast corner of Peachtree Street and 7th Street in the heart of Midtown Atlanta. Financing was through Georgia-based Synovus Bank.