CHARLOTTE, NC-Real Estate Alert reported that Northwood Investors, a real estate investment firm based in New York, has paid $100 million to acquire The Vue Charlotte's debt. Dan McLean of Chicago-based MCL Cos. was the developer of the 409-unit uptown condominium tower.
Northwood bought The Vue's junior loan for $42 million and the senior loan, which was placed under Goldman Sachs, for $58 million. HFF started marketing The Vue's note after Munich RE of Germany and Mitsui Sumitomo of Japan assumed the debt. For the full story, go to Charlotte Business Journal .
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