July 17, 2020
NKF has secured a $34.3-million loan to refinance The Heyward Apartments, a 260-unit, garden-style apartment community in Charleston.
Bill Mott, Greg Primiano and John Chobanian of NKF secured the Freddie Mac ARM financing on behalf of the undisclosed borrower. Terms of the 10-year ARM included five years of interest-only payments.
Built in 2017, the community features a mix of studio, one-, two- and three-bedroom floorplans. The pet-friendly community offers a suite of amenities including a clubhouse, saltwater pool, fitness center, BBQ patio, dog park, two ponds and walking paths. The property is located at 3220 Hatchet Bay Drive in Charleston’s West Ashley submarket.
For comments, questions or concerns, please contact David Cohen