Exponential Equity Secures $9.1M Acquisition Loan For Gaffney Multifamily Property

The acquisition of a 96-unit multifamily property located at 112 Martin Lane in Gaffney, SC has been financed through a $9,140,000 loan provided by RMWC. The loan is of acquisition type and has a three-year floating rate with full-term interest-only payments.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $9,140,000
• Loan Type: Acquisition
• Loan Terms: 3-year floating rate loan with full-term interest-only payments
• Lender: RMWC
• Landlord: Exponential Equity
• Broker: Zach Lutwak-Fitzgerald - Black Bear Capital Partners

The financing for this acquisition transaction was secured through Zach Lutwak-Fitzgerald of Black Bear Capital Partners, who represented the buyer in the deal. Exponential Equity is the landlord of the property.