Madison Realty Capital Lends M on South Carolina Apartments
A joint venture between North Carolina developer McKee Homes and Huff Family Offices has secured $44 million of transitional financing for the leas...
A joint venture between North Carolina developer McKee Homes and Huff Family Offices has secured $44 million of transitional financing for the lease-up of a South Carolina multifamily asset, Commercial Observer can first report. Madison Realty Capital supplied the loan on the sponsorship's 288-unit The Palms at Edgewater property in Summerville, S.C. JLL Capital Markets ' Trent Niederberger and Philip Galligan arranged the transaction. 'The development is only a short commute to Charleston, and home to a strong education system coupled with blue-chip employers including Volvo , Walmart, Sam's Club , Amazon and most recently, Redwood Materials ,' Josh Zegen , managing principal and co-founder of Madison Realty Capital, said in a statement.