Madison Realty Capital, a private equity firm specializing in debt and equity investment strategies, has announced the origination of a $44 million loan to McKee Homes and the Huff Family Offices for The Palms at Edgewater. This 288-unit multifamily apartment complex is located in Summerville, SC – just 30 minutes from Charleston.
The Palms at Edgewater features 13 Class A three-story buildings with one-, two-, and three-bedroom units that boast modern finishes, high-end appliances, private balconies/patios as well as detached garages. Residents will also enjoy access to an array of amenities including: clubhouse with leasing office & business center; game room; fitness center; lake surrounded by walking paths & fountains; pool & pavilion area; car wash station; playgrounds plus pickleball courts for sports enthusiasts alike! Dog owners can take advantage of dog parks/dog wash stations while all tenants can gather around gas firepits onsite.
JLL Capital Markets Managing Director Trent Niederberger and Director Philip Galligan arranged the financing for this luxury apartment complex lease up project.
