Will Matheson And Evan Matheson Of Matheson Capital Acquire 202-Unit Multifamily In Boiling Springs SC
9159 Asheville Highway
Building Size
—
Asset Type
MultiFamily
Closing
Jul 1, 2026
AI
The Villas at Lawson Creek is a 202-unit garden-style multifamily property located at 9159 Asheville Highway in Boiling Springs, South Carolina. The asset was completed in 2009 and is part of an apartment community initiative. The transaction was carried out between Nebraska-based Momentum Housing and Matheson Capital.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Undisclosed
- Units: 202
- Address: 9159 Asheville Highway
- Market: Boiling Springs, SC
- Buyer: Will Matheson & Evan Matheson - Matheson Capital
- Seller: Mark Hiatt - Momentum Housing
- Brokerage Firm: Berkadia
- Brokers: Caleb Troop, Drew Kwiatkowski, Matt Robertson, Thomas Colaiezzi
This deal involved Will Matheson and Evan Matheson representing Matheson Capital in their acquisition of the property from Mark Hiatt, who represented Momentum Housing. Berkadia acted as the broker firm facilitating the transaction, underscoring their role in the sale of this multifamily community asset.
Players
Highway MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93