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PCCP Provides $62 Million Refinance Loan To Woodfield Development For 324-Unit Multifamily Community
FINANCED
$62,000,000
South Carolina
See Similar DealsMultiFamily
Financed 07/28/2025
FINANCED
PCCP Provides $62 Million Refinance Loan To Woodfield Development For 324-Unit Multifamily Community
1100 Warburton Rd
See Similar DealsMultiFamily
Financed 07/28/2025
Summary
SOUTH CAROLINA
Asset Type:MultiFamily
Transaction Type:Loan
The asset involved in this transaction is The Radler, a newly built multifamily community consisting of 324 units located at 1100 Warburton Rd, Summerville, SC. The property is categorized as MultiFamily and has a significant mortgage associated with it.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $62,000,000
- Lender: PCCP
- Landlord: Woodfield Development
- Loan Type: Refinance
- Loan Date: 07/28/2025
The loan has been exclusively provided by PCCP to Woodfield Development for the purpose of refinancing The Radler. This highlights the financial backing facilitating the property’s ongoing operational needs and strategic objectives.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$62,000,000.00
Monthly NOI$413,333.33
Monthly Debt Service$391,882.17
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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