Chris Rizzo & Zach Shulruff Of Clear Mountain Properties Secures $29.75 Million Construction Loan In Travelers Rest

The property asset involved in this transaction is a multifamily development located at 208 Tubbs Mountain Road, Travelers Rest, SC, featuring 152 units. The development includes 120 garden-style apartments and 32 individually platted townhomes. The loan amount for this construction project is $29,750,000, providing the necessary capital for its ground-up development.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $29,750,000
• Address: 208 Tubbs Mountain Road
• Market: Travelers Rest, SC
• Units: 152
• Landlord: Chris Rizzo & Zach Shulruff - Clear Mountain Properties
• Brokers: Michael Horowitz & Jordan Horowitz - Cooper Horowitz
• Loan Type: Construction

Cooper-Horowitz acted as the capital markets advisor to Chris Rizzo and Zach Shulruff of Clear Mountain Properties, assisting in the financing of the project known as Liva. This development aims to add critical residential density in a rapidly growing corridor in the Southeast, supporting economic and population growth in the Upstate South Carolina region.