CHARLOTTE, N.C. — CBRE has arranged an $81 million construction loan for Sutherland at Piper Glen, a 299-unit community under development by a consortium of investors led by Charlotte-based RK Investors.
Western-Southern Life Insurance Co. was the lender. CBRE’s Nate Sittema, Kristen Reilley and Elliott Voreis led the transaction. Currently under construction at 9621 Elm Lane, Sutherland at Piper Glen will feature four five-story buildings built atop a single-story parking podium. The community is the first multifamily component of Greenway at Piper Glen, a 53-acre residential master-planned development by RK Investors that is approved for up to 566 homes.
Amenities will include gated access, covered parking, a fitness center, bike storage, coworking spaces, golf simulator room, game room, pool, fire pit, grilling areas, pet wash station and coffee bar. Completion is slated for 2028.