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Lifestyle Communities Secures $110 Million Bridge Loan From Dwight Mortgage Trust In Charleston SC

Property Image
FINANCED
$110,000,000

South Carolina

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MultiFamily
Financed 08/18/2025
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Property Image
FINANCED

Lifestyle Communities Secures $110 Million Bridge Loan From Dwight Mortgage Trust In Charleston SC

40 Line Street

See Similar Deals
MultiFamily
Financed 08/18/2025
the dealplayerscompscontact
Contact now

Summary

SOUTH CAROLINA
Asset Type:MultiFamily
Transaction Type:Loan

The asset involved in this transaction is a 277-unit multifamily property located at 40 Line Street in Charleston, South Carolina. A bridge loan of $110,000,000 was secured for refinancing and completion purposes.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $110,000,000
  • Lender: Dwight Mortgage Trust
  • Landlord: Lifestyle Communities
  • Loan Type: Bridge

The deal was executed by Lifestyle Communities to advance its multifamily project. Dwight Mortgage Trust acted as the lender providing the necessary funding to facilitate the refinancing process.

Players

DT
Dwight Mortgage Trust
LENDER

Details

FINANCED
IMAGE: 08/18/2025 ADDRESS: 40 Line Street MARKET: Charleston, SC ASSET TYPE: Multifamily LENDER: Dwight Mortgage Trust LANDLORD: Lifestyle Communities LOAN AMOUNT: $110,000,000 LOAN TYPE: Bridge NOTE: Lifestyle Communities secured $110 million in bridge debt from Dwight Mortgage Trust to refinance and complete its 277-unit LC Line and Low multifamily project in Charleston, S.C.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$110,000,000.00

Monthly NOI$733,333.33
Monthly Debt Service$695,274.83
Change in Cash Flow$0.00
Refinance Proceeds$0.00