FINANCED
Exponential Equity Acquires 96-unit Multifamily Property In Gaffney, SC With $9.14M Loan
112 Martin Lane
MultiFamily
Financed 1 year ago
Summary
Loan
SOUTH CAROLINA
MultiFamily
The acquisition of a 96-unit multifamily property in Gaffney, SC was financed by rmwc''>RMWC through a 3-year floating rate loan. The property, located at 112 Martin Lane, is owned by Exponential Equity. The loan amount for this acquisition was $9,140,000, with full-term interest-only payments.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,140,000
- Lender: RMWC
- Landlord: Exponential Equity
- Broker: Zach Lutwak-Fitzgerald - Black Bear Capital Partners
- Loan Type: Acquisition
- Loan Terms: 3-year floating rate loan with full-term interest-only payments
Zach Lutwak-Fitzgerald from Black Bear Capital Partners represented the buyer in this transaction, serving as the broker. This successful acquisition represents a promising investment opportunity in the Gaffney, SC market.
Players
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3
Agents
1
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Zach Lutwak-Fitzgerald
DATE: 09/22/2022
ADDRESS: 112 Martin Lane
MARKET: Gaffney, SC
ASSET TYPE: Multifamily
LENDER: RMWC
LANDLORD: Exponential Equity
BROKER: Zach Lutwak-Fitzgerald (@ZFitzgerald40) - Black Bear Capital Partners (@BlackBearCapitalPartners)
LOAN AMOUNT: $9,140,000
LOAN TYPE: Acquisition
LOAN TERMS: The acquisition of the 96-unit multifamily property was financed with a 3-year floating rate loan and full-term interest-only payments.View on map
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Address112 Martin Lane
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