Clear Mountain Properties has secured construction financing for a new multifamily community in Travelers Rest, South Carolina. The project, known as Liva Travelers Rest, will be developed at 208 Tubbs Mountain Road and is planned as a 152-unit rental property.
The developer obtained a $29.75 million construction loan to fund the project. The financing was originated by S3 Capital, which is providing the debt capital for the ground-up development. Specific loan terms, including interest rate, leverage, and maturity, were not disclosed.
Liva Travelers Rest is planned as a low- to mid-rise multifamily community composed of multiple residential buildings. The development will include five three-story buildings and seven two-story buildings. Together, these structures will deliver a total of 152 rental units to the local market.
Within the overall unit count, the project will feature 120 apartment units. The remaining units are not further described in the available information, and details on unit mix, average unit size, or specific floor plans were not provided. Information on amenities, parking, or common-area features has also not been disclosed.
The property’s location in Travelers Rest places it within the broader Greenville-area market in South Carolina, but no additional information was provided on the site’s immediate surroundings, walkability, or proximity to employment centers and transportation corridors.
Neither Clear Mountain Properties nor S3 Capital released information on the project’s development timeline, including anticipated construction start, expected completion, or lease-up schedule. Stabilized occupancy targets, projected rental rates, and return expectations were also not reported.
The transaction underscores ongoing lender interest in financing multifamily development in secondary and suburban markets, even as capital markets conditions remain selective. However, no information was provided on whether this financing is part of a broader program or portfolio strategy for either the sponsor or the lender.
Additional details, such as the general contractor, architect, equity partners, or any public incentives or zoning approvals associated with the project, were not included in the available source material.
