David Walkin Of Conserve Holdings Secures $23.2M Loan From Arbor Realty Trust For Cove At Ridge

The asset involved in this transaction is the Cove at Ridge, a 210-unit multifamily property located at 610 Universal Drive, Lyman, SC. The property's acquisition price was $32.9 million, with a loan amount secured for $23.2 million to facilitate the purchase.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $32,900,000
• Loan Amount: $23,200,000
• Lender: Arbor Realty Trust
• Landlord: David Walkin - Conserve Holdings
• Broker: John Phoenix - Cushman & Wakefield
• Loan Type: Acquisition
• Date: 04/01/2025

The key individuals involved in this transaction include David Walkin, representing the landlord Conserve Holdings, and broker John Phoenix, who is affiliated with Cushman & Wakefield. Arbor Realty Trust played a crucial role as the lender providing financing for the acquisition.