Sherwood Grove

Located in Fairhope, AL near the coast of the Mobile Bay, this loan finances the acquisition and development of 166 single-family lots. Fairhope, a part of Baldwin County, is the fastest growing county in Alabama since 2010, and the 4th most populous county in Alabama as of 2020. The county leads the state of Alabama for in-migration, outpacing the next closest county by 20%, and is in the top 15% of MSAs in the US in leading hotspots of economic growth as of 2023. The loan was finalized in August 2024.