#United States #Hendersonville #BGL Real Estate #The Orchards

BGL Real Estate Advisors Secures Financing for The Orchards Apartment Complex

BGL Real Estate Advisors, a prominent independent investment bank and financial advisory firm, has announced the successful financing of a new apartment development called The Orchards in Hendersonville, North Carolina. This project consists of 166 residential units and is poised to meet the burgeoning demand for housing in the growing Asheville region.

The financing for this substantial new development was provided by Peachtree Group, while BGL's Real Estate Advisors team acted as the exclusive financial advisor for Orchards Properties LLC throughout the transaction. Such collaborative efforts highlight the critical interdependencies in the real estate sector aimed at enhancing living standards in rapidly expanding regions.

Prime Location for New Housing

The Orchards will be situated on a ten-acre site featuring seven three-story Class A apartment buildings. This strategic location offers residents convenient commuting options across Asheville, with direct access to major roads such as U.S. Hwy 64 and I-26. Given its proximity to the Blue Ridge Mountains, residents will also benefit from easy access to recreational facilities, including parks and hiking trails.

Recent trends show Hendersonville and Asheville experiencing significant population growth. Major companies, including Fortune 500 entities like Amazon and D.R. Horton, have established operations in the area, creating a soaring demand for new housing. This rising population has prompted the Asheville Regional Airport to initiate a $400 million terminal expansion project, which will further support local development initiatives.

Luis Graef, President and Owner of Orchards Properties, noted, “BGL’s exceptional industry expertise and their efficient process expediently matched us with a national capital partner.” Graef emphasized the importance of working with a knowledgeable commercial real estate lender, particularly as Orchards Properties continues to grow its portfolio in the greater Asheville area.

BGL Real Estate Advisors: A Trusted Partner

BGL's Real Estate Advisors Group provides a wide range of real estate investment banking services, specifically designed for the middle market. Their comprehensive offerings include real estate advisory services, debt placements, preferred and private equity placements, financial restructuring, recapitalization, sale-leasebacks, and asset acquisitions.

Furthermore, BGL supports real estate owners and developers in forming alliances with capital providers to meet their investment needs effectively. Over the past 20 years, Orchards Properties has built a solid reputation in developing upscale residential projects across the Southeastern United States, particularly in Asheville.

BGL Real Estate Advisors is part of Brown Gibbons Lang & Company, a globally recognized independent investment bank focused on the middle market. BGL advises both private and public corporations in various financial matters, including mergers, acquisitions, and strategic advice. The firm operates multiple offices across major U.S. cities and is also a founding member of REACH, facilitating cross-border mergers and acquisitions.

Looking Ahead

With The Orchards Apartment Complex set to enhance the local housing market, its development reflects the ongoing evolution and growth in the Hendersonville area. As new investment and development opportunities continue to emerge, BGL Real Estate Advisors remains committed to facilitating projects that support and strengthen communities across the Southeast. Residents can look forward to a modern living environment that combines the conveniences of urban life with the natural beauty of North Carolina's picturesque landscape.

With all these developments, it's clear that the collaboration between financial expertise and innovative real estate solutions will continue to shape the future of housing in North Carolina.