Northwestern Mutual Provides $120M Loan For Morrison Yard Residences In Charleston | 838 Morrison Drive | Northwestern Mutual | MultiFamily | Loan

Summary

Loan

SOUTH CAROLINA

MultiFamily

The Morrison Yard Residences apartment property, located at 838 Morrison Drive in Charleston, SC, has secured $120 million in financing. The loan, provided by Northwestern Mutual Life Insurance Co., is a five-year loan arrangement facilitated by CBRE Capital Markets' debt and structured finance team. The property consists of 379 units.

Summary of transation details:

Property Type: Multifamily
Transaction Amount: $120,000,000
Lender: John E. Schlifske - Northwestern Mutual Life Insurance Co
Landlord: Mike Schwarz - Woodfield Investments & David Butler - Argosy Real Estate Partners

The key individuals involved in this transaction are John E. Schlifske from Northwestern Mutual Life Insurance Co., Mike Schwarz representing Woodfield Investments, and David Butler from Argosy Real Estate Partners. The financing provided by Northwestern Mutual Life Insurance Co. has been instrumental in securing the deal for the Morrison Yard Residences in Charleston, SC.

Players

All
1

Lenders
1

Northwestern Mutual

Details

Deal Summary

FINANCED

IMAGE: John E. Schlifske, Mike Schwarz & David Butler DATE: 02/12/2024 ADDRESS: 838 Morrison Drive MARKET: Charleston, SC ASSET TYPE: Multifamily LENDER: John E. Schlifske - Northwestern Mutual Life Insurance Co LANDLORD: Mike Schwarz - Woodfield Investments & David Butler - Argosy Real Estate Partners LOAN AMOUNT: $120,000,000 LOAN TERMS: five-year loan NOTE: Northwestern Mutual Life Insurance Co. has provided $120 million in financing against the 379-unit Morrison Yard Residences apartment property in Charleston, S.C., with a five-year loan arranged by CBRE Capital Markets' debt and structured finance team.

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Address838 Morrison Drive

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