Carolina Multifamily Investments Acquires Multifamily Property In North Charleston For $16.9M Loan

The multifamily property located at 7604-7749 Warsaw Road in North Charleston, South Carolina has recently undergone a closed transaction. The property consists of 145 units, making it a significant asset in the market.

Summary of transation details:

• Asset Type: Multifamily
• Number of Units: 145
• Lender: Electra Capital - Samuel J. Greenblatt
• Landlord: Carolina Multifamily Investments - Mike Butler
• Loan Amount: $16,900,000
• Loan Type: Bridge Loan

In this deal, Samuel J. Greenblatt from Electra Capital served as the lender, providing the bridge loan for the transaction. Mike Butler, representing Carolina Multifamily Investments, acted as the landlord in the transaction.