RK Investors Lands $81M Construction Loan for 299-Unit Charlotte Rental Community
An RK Investors-led team obtained an $81 million construction loan for Sutherland at Piper Glen, a 299-unit multifamily development underway in Charlotte’s Piper Glen neighborhood. The financing was provided by Western-Southern Life Insurance Company.
The financing was arranged by Nate Sittema, Kristen Reilley and Elliott Voreis with CBRE’s Debt & Structured Finance team.
Currently under construction at 9621 Elm Lane, Sutherland at Piper Glen will feature four five-story apartment buildings built atop a single-story parking podium. The community is part of Greenway at Piper Glen, a new master-planned development by RK Investors in South Charlotte.
Amenities will include gated access, covered parking, a fitness center, bike storage, coworking spaces, a dedicated golf simulator room, game room, swimming pool, fire pit, grilling areas, pet wash station and coffee bar.
Sutherland at Piper Glen is expected to begin leasing in fall 2027, with first units scheduled for delivery in March 2028.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout