Updated Mar 11, 2025
Beacon Real Estate Group Secures $36M Bridge Loan For Vinings At Laurel Creek Multifamily
3434 Laurens Road, Greenville, SC 29607
$36,000,000
$26,431/SF
Building Size
1,362 SF
Asset Type
MultiFamily
Closing
Jun 10, 2020
About this deal
AI
The Vinings at Laurel Creek, located at 3434 Laurens Rd in Greenville, SC, has recently been involved in a closed property transaction. The multifamily property was acquired by Beacon Real Estate Group.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $36,000,000
- Market: Greenville, SC
The loan for this acquisition was provided by CrossHarbor Capital Partners in the form of a bridge loan. The loan amount is $36,000,000. The loan terms include a sub-3.00% floating rate with full term interest only.
The brokers who facilitated this transaction were Michael Basinski, Scott Wadler, and Matthew Nihan from Berkadia Miami.
Players
Greenville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Michael (Thomas) Basinski to view all their deals.
Browse South Carolina multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93