Providing Senior Loan Financing to Deliver Innovative Housing Solutions
Charlottesville, VA (September 2024): Longline Financial (“Longline”), a leading provider of tailored real estate credit solutions, has partnered with Madison Capital Group (“MCG”) and Inlet Property Company (“IPC”) to commence development on Madison Charlottesville, an 86-unit multifamily community strategically located along Rio Road W., near US-29 in Charlottesville, Virginia.
Longline Financial Supports Development of 86-Unit Multifamily Project in Charlottesville
Longline is proud to provide senior loan financing for the ±4-acre project, which is poised to elevate the local housing market by offering a high-end living experience. The development will feature a diverse mix of studio, one-bedroom, and two-bedroom units ranging from 575 to 1,211 square feet, designed to meet the growing demand for premium market-rate housing. With convenient access to the University of Virginia, medical centers, and retail amenities, the project is well-positioned to serve Charlottesville’s dynamic community.
“Partnering with Madison Capital Group and Inlet Property Company on this transformative development underscores Longline’s commitment to supporting innovative housing solutions,” said Jeremy Herman, Director at Longline Financial. “This project aligns with our mission to deliver strategic credit opportunities that address community needs while fostering sustainable growth.”
“Partnering with Madison Capital Group and Inlet Property Company on this transformative development underscores Longline’s commitment to supporting innovative housing solutions”
The Madison Charlottesville development builds on the success of MCG’s previous project, The Hudson, which achieved some of the strongest metrics in the Charlottesville submarket. Madison Capital Group CEO Ryan Hanks commented, “We are excited to deepen our investment in Charlottesville with this new community, which is set to enhance the local housing landscape significantly.”
The construction financing was arranged by Patterson Real Estate Advisory Group. “This project represents excellent collaboration and execution by all parties involved. It will provide much-needed market-rate housing to the area,” said Austin Smith of Patterson.
As Longline continues to focus on high-quality real estate credit opportunities, this latest partnership demonstrates its role as a strategic leader in supporting innovative and impactful developments across key markets.
Longline Management, LLC is an investment holding company based in Atlanta, GA. Founded in 2019, Longline invests in real estate and hard assets, related credit strategies and select operating companies. Longline invests nationally with a focus on the Southeast U.S. Since inception Longline has invested $500 million of equity across its platform on behalf of institutional and individual investors and for its own account. www.longlinemgmt.com
