PAM Associates LLC Secures $33.86 Million Freddie Mac Loan For Multifamily Properties In SC And TN

The transaction involved two multifamily properties located at 800 State Street in West Columbia, SC, and 570 Mcmurray Drive in Nashville, TN, comprising a total of 306 units. The financing for this transaction amounted to $33,860,000, arranged through Freddie Mac and facilitated by JLL Capital Markets. Both properties are part of garden-style multifamily communities that have recently undergone multimillion-dollar renovations.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $33,860,000
• Lender: Freddie Mac
• Landlord: PAM Associates LLC
• Units: 306
• Location: West Columbia, SC & Nashville, TN
• Brokers: Thomas (Tom) Didio, Thomas E. Didio, Jr, Gerard Quinn, Brad Woolard, Anthony Sansone & Michael Mataras - JLL

The financing secured includes a $19.82 million loan for the 148-unit Granby Oaks in West Columbia, SC, and a $14.04 million loan for the 158-unit The Vale in Nashville. The loans are set to be serviced by JLL Real Estate Capital.