South Carolina

Livewell-Bluffton

BLUFFTON, S.C. — Beaufort Memorial and Woda Cooper Cos. have begun construction of Livewell Terrace, a 120-unit affordable housing community in Bluffton, 23 miles northeast of Savannah, Georgia. The project consists of a mix of one-, two- and three-bedroom units rented at monthly rates ranging from $700 to $1,725. Amenities will include a business center, fitness facility, playground and community park. Livewell Terrace is being constructed on 7 acres of land provided by Beaufort Memorial, a nonprofit hospital system. The community is intended to serve healthcare workers. The $39 million …

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Madison-Shores-Pensacola

BETHESDA, MD. — Walker & Dunlop has arranged approximately $223 million in bridge financing for five communities across the Southeast on behalf of Charlotte, North Carolina-based Madison Capital Group. The bridge loans will refinance existing debt for five properties (1,345 units) in Florida and the Carolinas. Walker & Dunlop arranged the loans with multiple debt fund lenders. A team led by Walker Layne, Austin Sneed and Tyler Evenson closed the five refinancings over the past nine months. The portfolio includes: The Caroline in Indian Land, South Carolina; Madison Shores in …

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Ellis-Creek-North-Charleston

NORTH CHARLESTON, S.C. — A joint venture comprised of McLean, Virginia-based KETTLER and The Stillman Group of Scarsdale, New York, has sold Waverly Place, a 276-unit community in North Charleston. The buyer was the Charleston Workforce Housing Fund, an impact fund led by Charlotte, North Carlonia-based Ascent Housing in partnership with Housing Collaborative, a Charleston-based affordable housing nonprofit. The acquisition is part of a citywide initiative to expand affordable and workforce housing across the region. According to The Post and Courier, the asset sold for approximately $41 million. Newmark’s Alex …

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Venture-on-the-Trail-Greenville

GREENVILLE, S.C. — Miami-based developer 13th Floor Investments has secured a $47 million construction loan from CIBC and broken ground on the 222-unit Venture on the Trail in Greenville. The project, located at 301 Alston St., marks the first phase of 13th Floor’s On the Trail mixed-use development, which covers 250 acres along Greenville’s Swamp Rabbit Trail, a 28-mile multi-use greenway. Completion of Venture on the Trail is slated for 2027. Apartments will range from studios to three-bedroom units measuring between 600 and 1,350 square feet. Amenities will include a …

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The-Bower-Bluffton

BLUFFTON, S.C. — International private equity firm Henderson Park and Charleston, South Carolina-based developer Green Room Partners have broken ground on The Bower, a 266-unit build-to-rent community in Bluffton. Amenities at The Bower will include a clubhouse with a library, coworking space, a community kitchen, lounge and a fitness center. Outdoor amenities feature a pool, outdoor kitchen and bar, cabana, grilling stations, pickleball courts, a putting green, fire pit, dog park and an interconnected walking trail system throughout the community. The clubhouse and amenities are scheduled for completion in July …

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Chicora-Apartments-Myrtle-Beach

MYRTLE BEACH, S.C. — Marcus & Millichap has arranged the sale of Chicora Apartments, a 34-unit community in Myrtle Beach. The asset traded for $3.6 million. Neither party to the transaction was named. Will Graves Jr., Ryan Lipomi and Carson Ford of Marcus & Millichap represented the seller. Built in 1963, the property is located at 501 38th Ave. North on a 1.9-acre lot. The community totals approximately 31,000 rentable square feet and includes one-, two- and three-bedroom apartments with an average unit size of 912 square feet.

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Ellevate-North-Charleston

NORTH CHARLESTON, S.C. — Eller Capital Partners has obtained a $58 million loan to refinance two properties, about half a mile apart from each other, in North Charleston. Walker & Dunlop’s Walker Layne, Matt Wallach, Stephen West, Austin Sneed and Tyler Roberts arranged the floating-rate interest-only bridge senior debt loan with capital provided by Bridge Investment Group. Ellevate St. Ives is comprised of 248 units. Ellevate North Charleston offers 192 units. Both properties participate in South Carolina’s affordable housing tax abatement program, with 75 percent of units restricted at 80 percent …

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The-Radler-Summerville

SUMMERVILLE, S.C. — Woodfield Development and PGIM have begun construction of Nexton Townhomes, a 114-unit build-to-rent community that comprises the second phase of the developers’ Radler project in Summerville. Both communities are located in Downtown Nexton, a 4,500-acre master-planned development located approximately 25 miles northwest of Charleston along the I-26 corridor. Designed for walkability, Nexton includes residential neighborhoods, approximately 100,000 square feet of dining and retail space, commercial and office development and a network of parks and trails. At full buildout, expected to occur approximately within the next five to …

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Liva-Travelers-Rest

TRAVELERS REST, S.C. — Capstone Building Corp. has broken ground on the $28.1 million Liva in Travelers Rest. Liva will feature 32 three-bedroom townhomes and five garden-style apartment buildings containing a total of 120 units. Greenville, South Carolina-based Clear Mountain Properties is the developer, and Capstone Building Corp. will serve as the general contractor. S3 Capital provided a construction loan for the project back in February. Amenities include a clubhouse, a pool, a bike-storage barn and public walking trails. Completion is slated for 2027.

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Evolve-New-Hope-Farm-wellford

WELLFORD, S.C. — Northmarq has arranged the $41 million refinancing of Evolve New Hope Farm, a 280-unit property in Wellford owned by Greensboro, North Carolina-based Evolve Cos. BlackRock was the lender. Northmarq’s West Palm Beach debt and equity team was led by Chris Hammel. Built in 2024, Evolve New Hope Farm features one-, two- and three-bedroom units and amenities such as a clubhouse, a resort-style pool, pickle ball court, a community garden, outdoor kitchens, walking trails and a lake, electric vehicle charging stations, a fitness center with yoga and cycling …

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