CKRP Closes $20.6MM Acquisition Loan for 312 Unit Apartment Community in Charleston’s West Ashley Submarket

CKRP represented the buyer group in procuring a variety of short- and long-term loan options while presenting the merits and risks of each. The 12-year fixed-rate loan offered competitive loan proceeds and a substantial interest-only period while eliminating interest rate risk over the intended hold period. A moderate physical and operational reposition is planned for this well-located asset just five minutes from downtown Charleston.