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9159 Asheville Highway

Will Matheson And Evan Matheson Of Matheson Capital Acquire 202-Unit Multifamily In Boiling Springs SC
SOLDMultiFamily

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:

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

Caleb Troop

Berkadia

Broker

$495.8M

vol

8 deals

Broker
Will Matheson

Will Matheson

Matheson Capital

Buyer
Buyer
Mark Hiatt

Mark Hiatt

Momentum Housing

Seller
Seller

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