Exponential Equity Acquires 96-unit Multifamily Property In Gaffney, SC With $9.14M Loan

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.