January 28, 2020
Commercial and multifamily mortgage banking firm Bellwether Enterprise Real Estate Capital has secured a $31 million construction loan for Judson Mill, a mixed-use redevelopment property in Greenville, SC.
Located at 69 Westerfelt, the property was once one of the largest textile mills in the world, and originally opened in 1912. In 2018, the site was placed on the National Register of Historic Places.
Matt Good and Marshall Waller of Bellwether’s Greenville office arranged the financing on behalf of the borrower, Judson Mill Ventures I LLC. The lender is CresCom Bank. The deal makes use of the South Carolina Textiles Communities Revitalization Act tax credits, as well as state and federal historic tax credits.
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