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Affordable Upstate Secures $59 Million Refinance Loan For MultiFamily Properties In Upstate South Carolina

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FINANCED
$59,000,000
Carter Wroblewski
Taylor Allison
Sydney Powell

South Carolina

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MultiFamily
Financed 12/16/2025
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Property Image
FINANCED

Affordable Upstate Secures $59 Million Refinance Loan For MultiFamily Properties In Upstate South Carolina

48 Mc Price Court, 357 Hillandale Road & 288 Old Mill Road

See Similar Deals
MultiFamily
Financed 12/16/2025
Carter Wroblewski
Taylor Allison
Sydney Powell
the dealplayerscompscontact
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Summary

SOUTH CAROLINA
Asset Type:MultiFamily
Transaction Type:Loan

A loan for the refinancing of three affordable housing communities totaling 598 units has been secured. The properties are located at 48 Mc Price Court, 357 Hillandale Road, and 288 Old Mill Road, situated in the Greenville and Mauldin markets of South Carolina. The overall loan amount is $59,000,000, and the loan type is a three-year, interest-only loan.

Summary of transaction details:

The refinancing deal was facilitated by JLL, which arranged the loan through Truist Bank for Affordable Upstate. The borrower has invested $13.6 million in upgrades to the properties since their acquisition.

Players

Carter Wroblewski
JLL
Carter Wroblewski
6 deals$115.9M volume
BROKER
Taylor Allison
JLL
Taylor Allison
7 deals$324.2M volume
BROKER
Sydney Powell
JLL
Sydney Powell
1 deal$59M volume
BROKER
Truist Bank
Truist Bank
LENDER

Details

FINANCED
IMAGE: 12/16/2025 ADDRESS: 48 Mc Price Court, 357 Hillandale Road & 288 Old Mill Road MARKET: Greenville & Mauldin, SC ASSET TYPE: MultiFamily ~ UNITS: 598 LENDER: Truist Bank LANDLORD: Affordable Upstate BROKERS: Carter Wroblewski, Taylor Allison & Sydney Powell - JLL LOAN AMOUNT: $59,000,000 LOAN TYPE: Refinance LOAN TERMS: three-year, interest-only loan NOTE: JLL secured a $59 million loan for Affordable Upstate's refinancing of three affordable housing communities in Upstate South Carolina, totaling 598 units. The three-year, interest-only loan, arranged through Truist Bank, supports properties in Greenville and Mauldin, with the borrower investing $13.6 million in upgrades since purchasing them.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$59,000,000.00

Monthly NOI$393,333.33
Monthly Debt Service$372,920.13
Change in Cash Flow$0.00
Refinance Proceeds$0.00