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Charlotte, North Carolina · Mecklenburg County
7314 Ritter Dr & 301 Sardis Rd N (combined parcel) · Strictly for accredited investors with a pre-existing relationship
This is a land loan secured by a combined parcel in south Charlotte — one of the most supply-constrained, high-demand residential submarkets in the Charlotte metro. The collateral consists of two adjacent parcels being formally recombined into a single lot: the operator's existing triangle parcel at 7314 Ritter Dr and the rear portion of the neighboring property at 301 Sardis Rd N, acquired specifically for this project. Once the recombination plat is recorded by Mecklenburg County, the combined parcel will measure approximately 0.925 acres, large enough to subdivide into three residential lots suitable for luxury single-family construction. The area is zoned N1-A by the City of Charlotte, is not located in a floodplain, and has city water and sewer available at the street. The loan closes simultaneously with the property purchase upon plat recordation, targeting June 19, 2026.
Monthly interest begins accruing upon release of funds to the borrower following lien recordation. Principal is returned in full at loan maturity or upon construction loan take-out, whichever occurs first. Yield is pro-rated to actual term if the loan exits early. The slider maximum reflects the 80% partner capital allocation; Sterling & Oak's 20% first-loss contribution ($30,000) is funded separately by the founders.
The operator is an experienced Charlotte-based residential developer with an established track record in the south Charlotte submarket. Specializing in luxury single-family construction, the operator has demonstrated a consistent ability to identify underutilized land parcels, navigate municipal plat and subdivision processes, and bring construction projects to market in supply-constrained neighborhoods. The operator already owns the adjacent parcel at 7320 Ritter Dr, demonstrating direct familiarity with this specific block and the surrounding market. The operator is personally guaranteeing this loan.
Operator identity is disclosed to investors upon execution of a reservation.
The following materials are available for your review. All documents open or download directly from this page.
Every Sterling & Oak loan is structured with interlocking contractual, recorded, and legally enforceable protections. These define how capital is prioritized if anything goes wrong.
Structural protections are designed to mitigate — not eliminate — investment risk. All investors should understand the following before committing capital.
North Carolina is a non-judicial foreclosure state. In the event of default, Sterling & Oak may pursue foreclosure without court proceedings, enabling a faster and more predictable recovery timeline. All legal costs are recovered from deal proceeds before partner distributions.
Allocations in Project Ritter are limited to $120,000 per investor and accepted in order of reservation. Complete the form below to secure your position. A member of the Sterling & Oak team will be in touch within one business day to confirm and provide next steps.
Thank you. A member of the Sterling & Oak team will contact you within one business day to confirm your position in Project Ritter and provide next steps.
This material is for informational purposes only and does not constitute an offer to sell or a solicitation to buy any security. Participation is strictly limited to accredited investors with whom Sterling & Oak Capital Partners has a pre-existing substantive relationship, in accordance with SEC Rule 506(b). All projected returns are targeted rates and do not constitute a guarantee of future performance. Past performance does not guarantee future results. Consult independent legal, tax, and financial advisors before making any investment decision.