Southern Land Company has successfully refinanced the construction debt for Society at Laurens, a 148-unit luxury apartment community located in Charleston, South Carolina. The new financing package includes a three-year, $75 million bridge loan secured through Aareal Capital, with Walker & Dunlop serving as the transaction’s arranger.
Walker & Dunlop’s Capital Markets team—led by Walker Layne, Matt Wallach, and Stephen West—acted as advisors to Southern Land Company throughout the refinancing process.
Society at Laurens features a variety of upscale living options including one-, two-, and three-bedroom units, as well as penthouses. Residents enjoy high-end amenities such as a heated saltwater pool and spa on a second-floor deck with views of Charleston Harbor, a state-of-the-art fitness center, and controlled-access parking.
The apartment community is located at 31 Laurens Street within Charleston’s historic downtown district, adding to its appeal for renters seeking a blend of luxury and location.
Southern Land Company, established in 1986, is a privately held, full-service real estate development firm with a national portfolio. Aareal Bank, the lending institution in this transaction, is headquartered in Wiesbaden, Germany, and has a history spanning over a century.
