Updated Jul 29, 2025
PCCP Provides $62 Million Refinance Loan To Woodfield Development For 324-Unit Multifamily Community
1100 Warburton Rd
$62,000,000
Units
324
Asset Type
MultiFamily
Closing
Jul 28, 2025
About this deal
AI
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.
On the Map
$62,000,000
MultiFamily
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Players
Summerville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93