X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

KRC Avalon Woods, developer of the $152,000 sf, 78-bed Magnolia Glen retirement community, has obtained a $20 million construction loan for the Creedmoor Road project. Branch Bank & Trust is the lender. The Charlotte and Newport Beach, CA offices of L.J. Melody & Co. brokered the transaction.

Magnolia Glenn will comprise 20 cottage units configured as 10 duplexes; a 48-unit, 76-licensed bed assisted living facility; and a 140-unit apartment type residential care building.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.