Loan LU-2026-014 · Closed Dec 18, 2025 · Month 6 of 18

Alder Grove Townhomes

42 townhome units · Raleigh, NC · Meridian Land Co. LLC · First lien, $5.20M commitment · $1.50M borrower equity in

ActiveDraw 4 pending
Deal file · 9 documents · classified & parsed

Every submitted document is classified, parsed into the credit state, and kept as the source of record. Figures on the other tabs trace back to these files.

  • Alder-Grove-Plat-BM2026-0412.pdf

    Recorded plat, Wake County Book of Maps 2026 p. 412

    Plat3 pp · rec’d Jun 24 · parsed · 11 fields
  • Budget_v3_horizontal.xlsx

    Development budget — sources & uses, line-item horizontal

    Budget4 pp · rec’d Jun 24 · parsed · 31 fields
  • Sources-and-Uses_v3.pdf

    Sources & uses summary, countersigned

    S&U1 pp · rec’d Jun 24 · parsed · 9 fields
    On file
  • Meridian_PFS_2026-05.pdf

    Sponsor personal financial statement, dated May 12, 2026

    PFS6 pp · rec’d Jun 25 · parsed · 14 fields
    On file
  • CoR-Utility-Availability-W-26-1188.pdf

    City of Raleigh water & sewer capacity confirmation

    Utility2 pp · rec’d Jun 25 · parsed · 6 fields
    On file
  • Carolina-Grading-Sitework-Contract.pdf

    Executed sitework contract, GMP $2,412,000

    Contract38 pp · rec’d Jun 26 · parsed · 12 fields
    On file
  • Phase-I-ESA_TerraCon_26-0491.pdf

    Phase I environmental site assessment — no RECs

    Report74 pp · rec’d Jun 26 · parsed · 4 fields
    On file
  • Meridian-Land-Co_OA+org-chart.pdf

    Operating agreement and organizational chart

    Entity22 pp · rec’d Jun 27 · parsed · 7 fields
    On file
  • Davidson-Homes_LOI_24-lots.pdf

    Builder letter of intent — takedown of 24 finished lots

    Sales3 pp · rec’d Jun 27 · parsed · 8 fields
    On file