Michael Wilson Of Protective Life Provides $37.25 Million Loan For The Parker Multifamily Project

The Parker is a multifamily property located at 31.28 Ac N/S Gregg Highway in Aiken, South Carolina. The asset encompasses a total square footage of 322,808 and consists of 336 units, facilitating a significant multifamily housing option in the market. The loan amount for this transaction was set at $37,250,000, structured as a construction to permanent loan with a 7-year term and a competitive fixed interest rate.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $37,250,000
• Loan Type: Construction to Perm
• Loan Terms: 7-Year Term, Competitive Fixed Interest Rate
• Lender: Michael Wilson - Protective Life
• Broker Representatives: Max Herzog, Marko Kazanjian, Andrew Cohen & Maxwell Hulsh - Institutional Property Advisors (IPA)
• Sponsor: Mikael J. Levey - JEM Holdings

The transaction involved key individuals and organizations including Michael Wilson representing Protective Life as the lender, and Mikael J. Levey from JEM Holdings as the sponsor, facilitating the financial aspect of the development. The brokerage team from Institutional Property Advisors (IPA) comprised Max Herzog, Marko Kazanjian, Andrew Cohen, and Maxwell Hulsh, who played a crucial role in coordinating the deal.