Gordon Road Capital Secures $47.8M Refinance Loan For Multifamily Asset In Greenville And Charlotte
206 North Leach Street & 2701 Rozzelles Ferry Road
$47,800,000
$95/SF
Building Size
500,940 SF
Asset Type
MultiFamily
Closing
Dec 22, 2025
AI
The property asset involved in this transaction consists of two locations: 206 North Leach Street and 2701 Rozzelles Ferry Road. The total market spans Greenville and Charlotte with a multifamily asset type, comprising 136 homes and a total square footage of 213,222.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $47,800,000
- Lender: Drew Miller, Mark Fogel & Marty Reasoner - ACRES
- Landlord: Martin Pawlik & Justin Coulter - Gordon Road Capital
- Landlord's Representative: Michael Stepniewski, Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Michael Brown, Edward Leboyer & Nicholas Gilhooley - Walker & Dunlop
- Loan Type: Refinance
- Loan Terms: 5 Years
- Date: 12/23/2025
This transaction highlights the involvement of key individuals including lender representatives from ACRES and Gordon Road Capital. The deal was facilitated with support from a comprehensive team of professionals representing both the landlord and the landlord's interests, ensuring thorough representation through Walker & Dunlop.
Players
Greenville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93