June 20, 2022
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Lenders assemble construction programs
The construction lending market is as healthy as it has ever been and is expected to remain strong for at least the next two years. This strength will continue as long as vacancy rates remain historically low, particularly in the multifamily and industrial sectors. However, financing costs have increased dramatically, between the added interest and More
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Acquisition of the Week: Planters Trace Apartments in Charleston, S.C.
Planters Trace Apartments, a 96-unit, Class B multifamily community located in West Ashley, a thriving neighborhood of Charleston, South Carolina, was purchased by CREC Real Estate, LLC and Rincon Capital Partners. The 10.6-acre property, built in 1974 and located at 2222 Ashley River Road, has convenient access to nearby jobs, retail and entertainment. Terms of More
