Samantha Davenport Of Hawthorne Residential Partners Acquires Multifamily Property In Shallotte For $47.5M

A multifamily property located at 43 Cabrillo Rd in Shallotte, NC, has been sold. The asset spans 23 acres and comprises 264 residential units. The transaction was completed for a total price of $47,500,000, resulting in a price per unit of $179,924.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $47,500,000
• Buyer: Samantha Davenport - Hawthorne Residential Partners
• Seller: Logan Homes
• Units: 264
• PPU: $179,924
• Loan Amount: $34.1 million
• Loan Type: Freddie Mac
• Loan Maturity: 2036

The deal involved Samantha Davenport representing Hawthorne Residential Partners as the buyer. The seller of the property was Logan Homes. Walker & Dunlop facilitated the financing for the transaction through a Freddie Mac loan, enhancing the financial structuring of the purchase.