Preservation Point is placed in the Northwest section of Charlotte, NC, known as Mountain Island. The loan will fund the acquisition and development of a 38-acre site, entitled for 126-residential townhome units. Mountain Island offers a tranquil escape from the bustling city, boasting scenic views and outdoor recreation opportunities, while still just 9 miles from downtown Charlotte and 7 miles to the Charlotte Douglas International Airport. The acquisition and development loan was finalized in December 2023.
December 2023
126 Townhome Lots
$8,500,000
