Two Multifamily Properties in Berkeley County
South Pointe Apartments, a 256-unit multifamily complex located in Hanahan, SC, was refinanced with a $27,025,300 HUD 223(f) loan. The loan will provide over $1.6 million for property repairs to improve residents' quality of life on top of $1.8 million invested in capital expenditures prior to the refinance.
Rosewood Townhomes, a 100-unit multifamily complex located in Goose Creek, SC, was refinanced with an $11,860,800 HUD 223(f) loan. The property will benefit from $1 million in updates as a result of the HUD-insured financing, a continuation of $850,000 invested in repairs to date.