Three P Partners recently closed equity and debt financing for the construction of the Bellyard Hotel. The Bellyard Hotel sits in the heart of West Midtown at the corner of Howell Mill Rd. and 14th Street, and is within the larger Interlock mixed-use development that will be home to office, retail, and residential uses. Patterson arranged financing with an institutional equity fund and a regional bank.
Portman Holdings recently acquired a 4-acre site in the heart of Midtown Atlanta. The property sits at the corner of 10th and Spring Streets and is currently home to the H.M. Patterson & Son landmark structure that is an iconic building within the Midtown landscape. Patterson arranged the financing with Bank OZK.
Carter broke ground on a 306-unit multifamily project, the most recent phase in its larger Summerhill mixed-use project. Patterson arranged the construction financing with Kayne Anderson and Citizens Bank.
Origin Investments announced the closing of permanent financing for City Center Buckhead, a 33,400 SF Class-A boutique office asset on Peachtree Road in the heart of Atlanta’s thriving Buckhead Financial District. Patterson Real Estate Advisory Group arranged the financing through Wintrust Bank.
East West Partners will soon break ground on phase 1 of its new mixed-use development, The Waterfront. Phase 1 will consist of 58 high-end condos and town homes along with retail, parks and amenities. Patterson arranged the the full capital stack for the Charleston project.
MidCity Real Estate Partners and Anchor Capital Partners Venture recently acquired a 42,500 sf building at 5616 Peachtree Road in Chamblee, Georgia. Winter Construction will relocate its headquarters to the creative office space from 191 Peachtree Tower in downtown Atlanta. Patterson arranged the construction loan and JV equity financing. First Citizens Bank is providing the construction loan.
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.
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PATTERSON REAL ESTATE ADVISORY GROUP, LLC
309 East Paces Ferry Road | Suite 1100 | Atlanta, Georgia 30305
701 East Bay Street | Suite 412 | Charleston, South Carolina 29403
615 S. College Street | 9th Floor | Charlotte, North Carolina 28202
615 3rd Avenue S | Suite 606 | Nashville, Tennessee 37210