Meridian Capital Group

Deutsche Bank Refis Charlotte Mixed-Use Tower With $72M Loan

March 22, 2024

Panorama Holdings has nabbed a $71.5 million loan to refinance a mixed-use property in Charlotte, N.C., Commercial Observer can first report.

Deutsche Bank (DB) supplied the loan on the sponsorship’s 17-story Panorama Tower project built in Charlotte’s Ballantyne Village neighborhood. The tower features a hotel, office space and rooftop restaurant.

Meridian Capital Group’s Morris Betesh and Alex Bailkin arranged the transaction. 

Located at 14819 Ballantyne Village Way, the 2021-built Panorama Tower consists of a 186-room AC Hotel by Marriott, 114,820 square feet of office space, and a 9,190-square-foot rooftop restaurant offering sweeping views of Downtown Charlotte. 

The property is next to a 535-acre master-planned community owned and operated by Northwood Investors featuring 4 million square feet of office space, four hotels and 4,500 multifamily units. 

“Panorama Tower has been able to attract top-tier office tenants, which is a testament to the quality of the asset and the robust demand in the Ballantyne submarket,” Betesh said in a statement. “On the hotel front, the AC Marriott experienced an accelerated ramp-up period and has quickly established itself as the top-performing hotel in the submarket.” 

Officials at Panorama Holdings did not immediately return a request for comment. Deutsche Bank declined to comment. 

Featuring:
Morris Betesh
Senior Managing Director
Origination
(212)612-0105
[email protected]
Alex Bailkin
Senior Vice President
Underwriting and Loan Placement
(212)612-0194
[email protected]
Read Article
Recent Articles | Back to News

Team Betesh arranges $110 million in financing to refinance an office property in Stamford

Article
March 22, 2024

Meridian Capital Group arranges $16.5 million in construction financing for mixed-use property

Article
March 22, 2024

Meridian Arranges Sale of Three-Property, 428-Unit Portfolio in Wisconsin, North Dakota

Article
March 22, 2024

Meridian Secures $41M Hollywood Financing

Article
March 22, 2024

2024 Top Broker Awards

Article
March 22, 2024

Deutsche Bank Refis Charlotte Mixed-Use Tower With $72M Loan

Article
March 22, 2024