Tartan Residential Secures $32.3 Million Construction Loan For Johnston Farms Development Site In Rock Hill SC

The transaction involves a development site located at 610 North Anderson Road in Rock Hill, SC. The asset is part of a larger project, specifically a 120-unit workforce housing initiative developed by Tartan Residential Inc. The financing for this project consists of a total loan amount of $32,300,000, designated for construction purposes.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $32,300,000
• Loan Type: Construction
• Market: Rock Hill, SC
• Landlord: Tartan Residential
• Brokers: Kavin Barron & Ellie Savage - JLL

JLL Capital Markets was responsible for arranging the construction financing and equity required for the Johnston Farms project, ensuring the necessary financial support for the development initiated by Tartan Residential Inc.