---
title: Sétanta has closed a new $19.7MM loan in the Charlotte, NC MSA
description: Setanta Development Capital announces a new loan in Waxhaw, just outside of Charlotte, NC. The $19.7MM loan continues a relationship with a quality borrower sponsor and will help to deliver 115 single-family detached and 63 townhome lots in an extremely attractive location
image: https://setantadc.com/hubfs/Cottage%20Park%20Tombstone.png
---

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# Sétanta has closed a new $19.7MM loan in the Charlotte, NC MSA

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 Written by: [Sétanta DC](https://setantadc.com/announcements/author/s%C3%A9tanta-development-capital)

 Published:  Feb 27, 2025 12:09:34 PM

Setanta Development Capital has recently closed a $19.7 million loan aimed at facilitating the development of 115 single-family detached lots and 63 townhome lots in the Charlotte, NC metropolitan area. This marks our fourth collaboration with a reputable sponsor, and we are thrilled to contribute to the expansion of housing options in our local market. The project is situated in a prime "infill" location, and we are eager to play our part in bringing this exciting development to fruition.

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Sétanta Development Capital  
5970 Fairview Road, Suite 610  
Charlotte, NC 28210

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