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Tower Capital helped arrange a $19 million loan to refinance 99 townhomes developed in the first phase of Poplin Glen, a 268-unit BTR development in Charlotte. The loan replaced an original bridge loan Tower Capital arranged in July 2021 to acquire the townhomes at certificate of occupancy with the intention to lease all the units. The sponsor, Cal DeSouza, will begin selling the individually platted homes in Phase 1 to homeowners individually as units become vacant.