Project:

Bellevue Mill

Completed:

Under Construction; In lease-up

Project Type:

Adaptive Reuse

Location: 

Hillsborough, NC

Bellevue Mill is an adaptive reuse of an existing historic textile mill property being converted into 114 market rate apartment units. The development is nearing completion and is expected to achieve stabilized occupancy shortly after final certificates of occupancy are issued.  The sale of Federal and State Historic Tax Credits was also used to fund construction.

Churchill Financing:

Construction Loan – $12,920,000

Equity Bridge Loan – $3,153,700

Standby Permanent Commitment – $12,920,000