Finance Deals of the Week: A $52M Construction Loan for South Carolina Apartments
The top five financings of April 22 to April 26
By The Editors April 26, 2024 10:00 am
reprints
It was a lighter week on the financing front, but there were still some notable deals that closed including a $52 million construction loan from North River Partners and Amzak Capital Partners on Miami-based One Real Estate Investment’s 316-unit apartment project in Columbia, S.C. Huntington National Bank and Nuveen Green Capital also teamed up to provide a combined $40.5 million construction loan for Stark Enterprises’ build-to-rent residential project in northern Florida. Here are the rest of the deals.
| Loan Amount | Lender | Borrower | Address | Asset | Broker |
|---|---|---|---|---|---|
| $52 million | North River Partners and Amzak Capital Partners | One Real Estate Investment | 4415 Percival Road; Columbia, S.C. | Multifamily | Berkadia's Brad Williamson, Scott Wadler, Mitch Sinberg and Matt Robbins |
| $41 million | Huntington National Bank and Nuveen Green Capital | Stark Enterprises | 16152 SE 77th Court; Summerfield, Fla. | Build-to-Rent | N/A |
| $29 millon | Bayview Asset Management | ASG Equities | 502 86th Street; Brooklyn, N.Y. | Mixed-Use | Ripco's Steven Sperandio, Michael Fasano and Jake Weiss |
| $27 million | Citigroup | The Mann Group and True North Management | Nine-building portfolio | Multifamily | JLL's Scott Aiese and Alex Staikos |
| $27 million | Berkadia | Bozzuto Group | 1200 North Queen Street; Rosslyn, Va | Multifamily | N/A |
Finance Deals of the Week reflect deals closed or announced from April 22 to April 26. Information on financings can be sent to editorial@commercialobserver.com.
502 86th Street, ASG Equities, Berkadia, Bozzuto Group, Huntington National Bank, Nuveen Green Capital, One Real Investment, Ripco, Stark Enterprises, The Mann Group, True North Management
