Z&G Property Group Acquires 72-Unit Multifamily Property In North Charleston With $4.75M Loan From Greystone

The 72-unit multifamily property located at 8101 Honeysuckle Lake Drive in North Charleston, SC, known as Lakes at Pepperidge Apartments, was involved in a recent transaction. The asset is classified as a multifamily property with a total of 72 units.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $4,750,000
• Loan Amount: $4,750,000
• Loan Type: Equity
• Lender: greystone''>Greystone
• Landlord: Z+G Property Group
• Brokers: Brandon Harris - BlackBearCapitalPartners
• Loan Terms: The 72-unit multifamily property was financed with $1.32 million in soft preferred equity on a 6-year fixed term behind a $3,430,957 Fannie Mae senior loan, which was assumed, totaling $4.75 million.

The deal involved the lender, Greystone, providing financing for the transaction. The landlord, Z+G Property Group, was responsible for the property. The brokers involved in the deal were Brandon Harris from BlackBearCapitalPartners.