Updated Aug 19, 2025
Lifestyle Communities Secures $110 Million Bridge Loan From Dwight Mortgage Trust In Charleston SC
40 Line Street
$110,000,000
Units
277
Asset Type
MultiFamily
Closing
Aug 18, 2025
About this deal
AI
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.
On the Map
$110,000,000
MultiFamily
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Players
Charleston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93