Longline Financial closed a $21.43 million senior mortgage refinancing secured by two prime Uptown Charlotte development sites totaling 3.5 acres in the heart of Charlotte, North Carolina's central business district.
The transaction was structured to provide ANiMAL with extended runway to execute on planned dispositions ofboth parcels. By refinancing the existing senior position, the sponsor eliminated near-term maturity pressure and preserved flexibility on the timingof the planned exits — positioning the borrower to optimize the disposition process.
The two parcels — 401 S College Street and 501 S Caldwell Street — in the heart of Uptown Charlotte's CBD, steps from Bank of America Stadium and the city's major demand drivers.
The two parcels reside in Uptown Charlotte — Charlotte's central business district and the focal point of corporate, hospitality, and cultural activity for the broader Carolinas region. The Uptown submarket is home to multiple Fortune 500 headquarters, the city's largest financial institutions and professional services firms, and four major sports and cultural anchors: Bank of America Stadium (home of the Carolina Panthers and Charlotte FC), Spectrum Center (Charlotte Hornets), Truist Field (Charlotte Knights), and the NASCAR Hall of Fame.
The borrower is ANiMAL, an Atlanta-based real estate investment firm with an established track record of sourcing, entitling, and selling high-density urban development sites in high-growth Southeast markets. The firm's recent execution history includes the sale of a multi-acre Atlanta development site to a major national healthcare operator — a disposition that reflects the firm's pattern of assembling and entitling well-located development sites for sale to best-in-class end users.
ANiMAL owns multiple assets inCharlotte, including a flagship 2,216-space parking garage in Uptown Charlotte sandwiched between Bank of America Stadium and Truist Field, providing ongoing operating exposure to the same submarket and reinforcing the sponsor's familiarity with Charlotte's demand drivers.
This refinancing provides ANiMAL with the flexibility and runway to execute our business plan thoughtfully and maximize value across both assets. Longline distinguished itself through its commercial approach, responsiveness, thoroughness, and certainty of execution. We are very pleased to establish this relationship and look forward to working together on future opportunities.
Longline Management, LLC is aninvestment holding company based in Atlanta, GA. Founded in 2019, Longlineinvests in real estate and hard assets, related credit strategies, and selectoperating companies. Longline invests nationally with a focus on the SoutheastU.S. Since inception, Longline has invested $600 million of equity across itsplatform on behalf of institutional and individual investors and for its ownaccount.
ANiMAL is an opportunistic realestate investment firm founded by Max Cookes and Alex Hay, specializing infinding undervalued, high-quality assets in emerging markets across the Southeast. With more than 75 years of collective experience, ANiMAL's team has built a cycle-tested track record across the full arc of investment and development, completed ~$350 million in acquisitions and built a portfolio of 395 multifamily units, 35 townhomes, 3,963 parking bays, and a future development pipeline of 5,875 multifamily units and 650 hotel keys to date.
Exploring senior financingfor urban land or pre-development sites?
Borrowers, sponsors, and brokers pursuing execution-focused senior capital — including refinancing, acquisition,and bridge structures for Uptown, downtown, and central business district sites— are invited to connect with Longline Financial.
