Ray Mazzie Of Southern Waters Capital Secures $5.1M Loan For Development Site In Charleston MSA

This development site, located at the intersection of Windsor Mill Road & United States Highway 52 in the Charleston MSA, spans 1,307,800 square feet. The acquisition loan amounts to $5,100,000. The site is designated for mixed-use development, comprising 32,000 square feet of commercial space, 300 multifamily units, and 130 active adult units.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $5,100,000
• Lender: DLP Capital
• Landlord: Ray Mazzie - Southern Waters Capital
• Joint Venture Partners: Southeast Partners (Charleston) and Southern Waters Capital (Fort Lauderdale)

The transaction is facilitated by a partnership between Charleston-based Southeast Partners and Fort Lauderdale-based Southern Waters Capital, highlighting collaboration in the development sector. Ray Mazzie represents Southern Waters Capital in this deal.