Senior Construction Loan

Charlottesville, VA

Madison Charlottesville

Provided ground-up construction financing for an 86-unit multifamily development, set for completion in late 2025.

September 20, 2024

Date of Investment

$17.0M

Capital Deployed

Senior Construction Loan

Investment Type

Vertical Construction

Investment Purpose
Summary

Longline Financial has provided a $17.0 million senior loan for the construction of Madison Charlottesville, an 86-unit multifamily development situated along US-29 in Charlottesville, VA. Construction began in the second quarter of 2024, with completion expected in the fourth quarter of 2025. The development will offer convenient access to downtown Charlottesville, UVA Health, and the University of Virginia, addressing the area's increasing demand for high-quality housing.

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