Southern Land Company refinanced the construction debt of Society at Laurens, a 148-unit apartment community in Charleston, South Carolina. Walker & Dunlop arranged a three-year bridge loan of $75 million with Aareal Capital.
The W&D Capital Markets team, led by Walker Layne, Matt Wallach and Stephen West, served as advisors to Southern Land Company.
The property has 1-bedroom, 2-bedroom and 3-bedroom units, including penthouses. Amenities include a heated saltwater pool and spa situated on a second-floor deck with views of Charleston Harbor, a fitness center and controlled-access parking.Â
The project is at 31 Laurens St in Charleston’s historic downtown district.
On its website, Southern Land Company says it is a privately held, full-service real estate development company that has been reimagining the industry since 1986. Aareal Bank has been in business for over 100 years and is based in Wiesbaden, Germany.
The post Southern Land Obtains Refinancing for Charleston Apartments appeared first on Connect CRE.
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