Clear Mountain Snags Financing for 152-Unit Greenville-Area Rental Community
Clear Mountain Properties obtained a $29.75 million construction loan to build Liva Travelers Rest, a 152-unit multifamily property located at 208 Tubbs Mountain Road in Travelers Rest, South Carolina. S3 Capital originated the loan.
Liva Travelers Rest will be a multifamily community consisting of five three-story buildings and seven two-story buildings, featuring 120 apartment units and 32 townhomes, with a mix of one-, two-, and three-bedroom residences. Amenities will include a pool, clubhouse, fitness center, fire pit, dog park, and bike barn.
Clear Mountain Properties has experience developing more than 1,000 multifamily units across the Carolinas. Construction will be led by Capstone Building Corp.
S3 is currently financing a $95 million construction loan for a 295-unit multifamily development located at 1701 East Boulevard in Charlotte. Additionally, S3 recently closed on a $49.5 million construction loan to complete 42 Pine, a condominium development in Miami Beach.
Other News
Queens’ Tallest Tower Reaches 90% Leased, Adds First Retail Tenants
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
Learn more
80-Unit Seniors Housing Development Opens in Suburban Chicago
Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
Learn more
312-Unit Multifamily in Indiana Changes Hands
Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout