Conserve Holdings Secures $34.5 Million Loan From Benefit Street Partners For 257-Unit Parkview Greer

The property asset involved in this transaction is a newly built multifamily development located at 1004 Parkview Greer Circle in Greer, South Carolina. This asset comprises a total of 257 residential units and was acquired by Conserve Holdings for $47 million. The financial structure of the acquisition includes a loan of $34.5 million provided by Benefit Street Partners Realty.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $47,000,000
• Loan Amount: $34,500,000
• Lender: Benefit Street Partners Realty
• Landlord: Conserve Holdings
• Broker: John Manning - Greysteel
• Loan Type: Acquisition
• Units: 257
• Market: Greer, SC

Key individuals involved in the deal include Conserve Holdings, the landlord that acquired the property, and Benefit Street Partners Realty, the lender facilitating the acquisition loan. The brokerage services were provided by John Manning from Greysteel, representing Conserve Holdings in this transaction.