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Beacon Real Estate Group Secures $36M Bridge Loan For Vinings At Laurel Creek Multifamily

Vinings at Laurel Creek - 3434 Laurens Road
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This MultiFamily property located in SC received a loan of $36,000,000 almost 4 years ago. The brokers of the deal were Michael (Thomas) Basinski, Matthew (Matt) Nihan, and Scott Wadler

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.

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Deals
  • Location
    3434 Laurens Road, Greenville, SC 296073434 Laurens Road, Greenville, SC 29607
  • Loan Value
    $36,000,000$36,000,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 1 Agency, 1 Lender3 Brokers, 1 Agency, 1 Lender

Agents

Michael (Thomas) Basinski

Michael (Thomas) Basinski

Deals13
Financed$641.1M

Matthew (Matt) Nihan

Matthew (Matt) Nihan

Deals13
Financed$375.2M

Scott Wadler

Scott Wadler

Deals66
Financed$2.6B

Agency

Berkadia

Berkadia

Agency
Deals1097
Volume$45.7B

CrossHarbor Capital Partners

CrossHarbor Capital Partners

Lender
Deals9
Volume$ 11.9B

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Deal Summary

LOAN IMAGE: Michael Basinski, Scott Wadler & Matthew Nihan DATE: 06/10/2021 ADDRESS: Vinings at Laurel Creek - 3434 Laurens Rd MARKET: Greenville, SC ASSET TYPE: Multifamily LANDLORD: Beacon Real Estate Group LENDER: CrossHarbor Capital Partners BROKERS: Michael Basinski, Scott Wadler, Matthew Nihan - Berkadia Miami LOAN AMOUNT: $36,000,000 LOAN TYPE: Bridge LOAN TERMS: Sub-3.00% floating rate loan with full term interest only

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Vinings at Laurel Creek - 3434 Laurens Road

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