ACRE provided $34,200,000 in bridge financing for a Class A, garden-style multifamily complex in Charleston, SC. Loan proceeds were used to refinance senior debt and payoff preferred equity. The community is ideally located in Charleston’s rapidly growing West Ashely neighborhood which offers residents convenient access to I-526, two major roadways, as well as a great mix of local and national retailers.
$34.2M
- Charleston, SC
- 186 Units