We're sorry but Fundrise doesn't work properly without JavaScript enabled. Please enable it to continue.

Exit update: Charlotte, NC bridge loan pays back successfully

The borrower paid back the bridge loan from the Income eREIT II after securing designs and permits, then obtained construction financing from the Growth eREIT II.

Apr 18, 2019

In November 2018, we invested $4.4 million in the acquisition of a 14-acre property in Charlotte, North Carolina, as the future site of a 309-unit apartment community. The borrower successfully executed on the plans to progress through design and permitting on the property.

Now that the property is shovel ready, the borrower paid back this bridge loan and obtained separate construction financing from the Growth eREIT II. We’re pleased to announce that our investment earned a rate of return of roughly 10%¹ over the term.

All updates on this asset

New acquisition: 309-unit apartment pre-development in Charlotte

Dec 11, 2018

Exit update: Charlotte, NC bridge loan pays back successfully

Apr 18, 2019

More about this asset

Mosby University City

1. Annualized return calculated using the internal rate of return (IRR) method.

Fundrise, LLC (“Fundrise“) operates a website at fundrise.com and certain mobile apps (the “Platform“). By using the Platform, you accept our Terms of Service and Privacy Policy. All images and return and projection figures shown are for illustrative purposes only, may assume additional investments over time, and are not actual Fundrise customer or model returns or projections. Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All securities involve risk and may result in partial or total loss. While the data we use from third parties is believed to be reliable, we cannot ensure the accuracy or completeness of data provided by investors or other third parties. Neither Fundrise nor any of its affiliates provide tax advice and do not represent in any manner that the outcomes described herein will result in any particular tax consequence. Prospective investors should confer with their personal tax advisors regarding the tax consequences based on their particular circumstances. Neither Fundrise nor any of its affiliates assume responsibility for the tax consequences for any investor of any investment. Full Disclosure

For the Fundrise Advisors Form CRS please click here .

The publicly filed offering circulars of the issuers sponsored by Rise Companies Corp., not all of which may be currently qualified by the Securities and Exchange Commission, may be found at fundrise.com/oc. For investors and potential investors who are residents of the State of Washington, please send all correspondence, including any questions or comments, to washingtonstate@fundrise.com.

Fundrise takes any potential security issues seriously, and encourages the responsible and timely reporting of unknown security issues. Please send any discovered security concerns to securitydisclosure@fundrise.com

© 2026 Fundrise, LLC. All Rights Reserved. eREIT, eFund and eDirect are trademarks of Rise Companies Corp. Google Play and the Google Play logo are registered trademarks of Google LLC. Apple, the Apple logo and iPhone are registered trademarks of Apple Inc. NerdWallet and the NerdWallet logo are trademarks owned by NerdWallet, Inc. and used with permission. Proudly designed and coded in Washington, D.C.