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.
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.
INTEGRITY + INGENUITY + INVESTMENT = SUCCESS
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