Elevate-Rocky-River-Monroe

Regions Provides $64M Freddie Mac Loan for Charlotte Refinancing

by Lynn Peisner

MONROE, N.C. — Regions Real Estate Capital Markets has arranged a $64 million Freddie Mac loan for Signature Property Group’s refinancing of Elevate Rocky River in Monroe, 26 miles southeast of Charlotte. The loan refinances the new community, replacing a prior construction loan with a permanent debt. The community comprises one- and two-bedroom units and such amenities as a resort-style pool, coffee bar, package room, fitness center, dog park, playground, work spaces and electric vehicle charging stations. Signature Property Group is headquartered in Greensboro, North Carolina.

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