Madison Realty Capital, a private equity firm specializing in debt and equity investment strategies, has provided a $44 million loan to McKee Homes and the Huff Family Offices for The Palms at Edgewater. This is a 288-unit multifamily apartment complex located in Summerville, SC.
The Palms at Edgewater offers 13 Class A three-story buildings with one- to three-bedroom units featuring modern finishes, high end appliances and private balconies or patios along with detached garages. Amenities include clubhouse with leasing office; business center; game room; fitness center; lake fountains surrounded by walking paths; pool & pavilion area complete with car wash station & playgrounds as well as pickleball courts, dog parks & dog wash stations plus gas firepits for outdoor entertainment.
Trent Niederberger (Managing Director) and Philip Galligan (Director) of JLL Capital Markets arranged the financing on behalf of Madison Realty Capital.
