Cal DeSouza Secures $37M Refinance for two North Carolina BTR Communities, Poplin Trace and Poplin Meadows

Tower Capital arranged two loans totaling $36.95 million for the refinance of Poplin Meadows and Poplin Trace, Phases 2 and 3 of an overall 268-unit Build-to-Rent (BTR) development in Charlotte, NC. Tower worked on behalf of the borrower to secure two-year, floating-rate loans through a debt fund. These loans replace the initial acquisition loan obtained by Tower in July 2021.

Cal DeSouza
Cal DeSouza | Principal

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